BTC bull market rhythm revealed: key indicators show that the bull market has passed 250 days, how far is the top?

On-chain data releases important signals again! According to the HODL Waves data weighted by Realized Cap, the proportion of BTC that has not moved for 6-12 months peaked in the  middle of the 2024 bull market , and 102 days have passed.

 

Looking back at history:

-16 year bull market : the peak of this indicator appeared in the middle of the bull market, 354 days from the end of 2017 bull market peak;

20-Year bull market : the peak of the same indicator is 352 days away from the peak of the bull market in the first half of 2021;

-24 year bull market : 102 days have passed since the peak of the indicator, does it imply that the bull market process has been more than half?

 

In addition, history shows that during this period, the price of Bitcoin usually experiences three significant pullbacks (marked with blue circles in the figure). If the historical rhythm repeats itself, investors need to pay attention to the trading opportunities that short-term fluctuations may bring and avoid missing potential layout points.

 

Combining on-chain indicators with market trends, the current stage is a key node for reviewing the logic and planning strategy of the bull market. The peak may not have been reached, but the time window is approaching!

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.