⚡️🔎 NEW - "The bull cycle is slow…

⚡️🔎 NEW - "The bull cycle is slow but still ongoing."

According to CryptoQuant:

"The current market is progressing slowly through the bull cycle, but there are no signs of an imminent end. In fact, a strong upward movement could be just around the corner."

"In previous cycles, the final stages of a bull market coincided with a sharp decline in the share of long-term BTC holdings (particularly those held for more than a year). This occurred when older BTC were sold, new capital flowed in, and liquidity entered the market."

"Once this decline in long-term holdings reached an inflection point, the market shifted from a bullish to a bearish cycle."

"Currently, the proportion of BTC held for more than a year is slowly declining, indicating that the market has not yet peaked."