Grayscale Drops Bombshell Report: Crypto Bull Run Progresses To ‘Middle’ Phase, Future Outlook Detailed
Summary
The cryptocurrency market has surged, with Bitcoin and major cryptocurrencies experiencing price increases. Grayscale's report indicates the market is in the middle of a bull run, citing factors like spot Bitcoin ETF inflows and strong on-chain fundamentals. On-chain metrics and institutional demand, such as stablecoin inflows and BTC outflows from exchanges, support this assessment. Key metrics like NUPL ratio and MVRV Z-Score also indicate room for growth. Grayscale remains cautiously optimistic about the future of this bull cycle.
