📊👀 #BTC CQ: In the final phase of the bullish cycle, investors' risk appetite decreases. The chart shows that the metric surpassed 1.9 in March and December 2024, but is now forming a lower peak, with holders selling coins, increasing market pressure. Investors continue to take profits, although each price increase results in a smaller premium over the cost basis.

With two Fed rate cuts expected this year, I foresee two more hikes before selling pressure outweighs demand, triggering a correction.