CryptoQuant CEO: Bitcoin is currently in the mid-stage of the current bull market cycle

2024-05-18 16:42:43

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ChainCatcher news, CryptoQuant CEO Ki Young Ju posted that Bitcoin is currently in the mid-stage of the current bull market cycle. He outlined a chart showing that Bitcoin's actual market value "is growing faster than its realized market value," which is a variant of market capitalization that values it based on the last movement price of each UTXO. This trend typically lasts for two years, indicating that the ongoing bull market will likely end in about 11 months.

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