Bitcoin Bull Cycle Likely To Go On Till Mid-2025: CryptoQuant CEO
Summary
CryptoQuant's CEO predicts the current Bitcoin bull cycle could last until mid-2025, based on the historical pattern of profit-taking by old whales lasting around 18 months. Accumulation Addresses, reflecting long-term holders, absorb selling during bull markets. The "Realized Price" metric shows these holders are currently carrying profits, suggesting ongoing absorption of profit-taking. The indicator's uptrend implies potentially another 14 months of this trend, aligning with past cycles and indicating a potential continuation of the bull cycle until mid-2025. Bitcoin's price has surged around 3%, nearing $70,000.
