CryptoQuant, a contributor to data analytics provider Crypto
In his post that day, Dan diagnosed that "the bull market that began in January 2023 will likely reach its cyclical peak in the first quarter of 2025, or no later than the second quarter."
"The cryptocurrency market is currently in the latter stages of this bull market, so investors need to take a cautious approach," he said. "With the influx of new investment funds and additional capital from existing investors,
"It is reasonable to view the market as now entering the latter stages of this cycle," he explained. The post also looked at the percentage of Bitcoin (BTC) that was traded for less than a month during the fourth quarter of 2024.
The study revealed that the number of cryptocurrency users jumped to 36%, which is similar to a pattern that emerged during previous crypto market peaks, and that this percentage could soon continue to rise, indicating that a bear market is about to begin.
"Therefore, expectations for a possible significant upside for Bitcoin and altcoins should still be kept open," he said.
"Nevertheless, a conservative approach with risk management in mind calls for caution," he added.
Cryptoquant’s cautious approach has led most analysts to
This is somewhat in contrast to what Steno predicts. Most analysts expect the bull market to continue through the end of 2025, with a correction in the fourth quarter.
Research analysts predict 2025 will be the best year ever for cryptocurrencies, with Bitcoin (BTC) and Ethereum (ETH) hitting all-time highs
Asset management firm VanEck predicts the crypto bull market will reach a medium-term peak in the first quarter of 2025 before surging to an all-time high by the end of the year.
I expect so.
2025/01/07 21:28 KST
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