The crypto sector is making persistent progress amid the rising bullish momentum. As per CryptoQuant, despite the current bullish outlook of the crypto market, while Bitcoin ($BTC) is approaching a noteworthy threshold level, the investors require staying vigilant. In a recent analysis report, the analyst provided an overview of the crypto market and the potential movements soon.
Bitcoin Nears Likely Bull Cycle Conclusion as Market Data Suggests
The CryptoQuant analyst mentioned that Bitcoin is moving toward a crucial threshold level. The on-chain data concerning the investor behavior and price movement indicates that Bitcoin is moving toward the present bullish cycle’s later phase. Amid the growing confidence led by massive capital inflows, Bitcoin shows a robust position. The inclusion of $BTC spot ETFs has also contributed a lot to the respective trend. As a result of this, the retail and institutional investors have swarmed the market.
The market statistics regarding the value of $BTC kept for less than 6 months signify an increase in latest capital flowing into the market. Especially, the retail investors are taking substantial interest, pointing toward the Bitcoin market’s potential entry into the present bullish cycle’s later phase. Keeping this in view, while the market uptrend is persistent, the investors should exercise caution. They should look for the likely signs concerning a cycle peak.
Investors Require Focusing on Risk Management Strategies Amid Speculations of Bull Market’s Conclusion
According to the CryptoQuant analyst, the market is showing a stable status at the moment. Nevertheless, there is a possibility for the top crypto asset to break through the ATH level thereof, pushing altcoins to follow suit. Such a development could trigger another inflow streak, highlighting the present bull cycle’s end in the near term. Therefore, the analyst advises investors to focus on risk management.
