Bitcoin's trading volume ratio over a 6 to 12-month period serves as a key indicator of market capital flow and is closely tied to market dynamics. Historically, an initial decline in this ratio signals the conclusion of the early bull cycle phase. A subsequent, deeper decline marks the end of the bull cycle. As of March 2024, Bitcoin has reached a pivotal midpoint, suggesting a trajectory towards the peak of the current bull cycle. This development underscores a positive outlook for the cryptocurrency market, indicating robust investor engagement and potential for continued growth.