After a period of volatility, the cryptocurrency market is once again riding a wave of gains. According to the latest data from CryptoQuant, Bitcoin’s rising cycle has not yet ended, and the bull market will continue, bringing new hope and opportunities to investors. Let’s dig into the details and trends behind this message.

Bitcoin has always been the leader in the cryptocurrency market. Its price fluctuations not only affect the entire digital currency market, but are also the focus of global investors. Data from CryptoQuant shows that Bitcoin’s trading volume continues to increase and market enthusiasm continues, which indicates that more funds are pouring into the market, supporting the continued rise in Bitcoin prices. In this case, Bitcoin’s rising trend will continue, bringing more investment opportunities to investors.

In addition to the support of market transaction data, there are many factors that contribute to Bitcoin's continued rise. Globally, more and more institutional investors and companies are beginning to accept Bitcoin as a legal asset, which further enhances Bitcoin's recognition and use value. Especially when the policies of some economies are uncertain, Bitcoin's attributes as a safe-haven asset are favored, which provides solid support for its price.

In addition, Bitcoin’s miner market has also undergone significant changes. As the price of Bitcoin rises, mining costs also gradually increase, and miners' profits further increase. This allows more miners to invest in Bitcoin mining and increases Bitcoin's computing power, thereby ensuring the security and stability of the Bitcoin network. This virtuous cycle also provides strong support for the continued rise in the price of Bitcoin.

On the technical side, Bitcoin’s network upgrades and improvements are also constantly advancing. With the gradual improvement of second-layer solutions such as the Lightning Network, the transaction speed and cost of Bitcoin have been greatly improved, and the user experience has been further improved. These technological innovations have laid a more solid foundation for the widespread application of Bitcoin and injected strong impetus into its future development.

Overall, Bitcoin’s rally is set to continue. Investors can seize the current opportunity, buy at low prices, and hold for the long term, believing that Bitcoin will bring them generous returns. Of course, you need to be cautious when investing. There are risks in the market, so you need to be cautious when investing. However, I believe that Bitcoin, as the leader of future digital currencies, has unlimited potential and is worthy of investors' expectations and holdings.

In this digital era, Bitcoin, as a brand-new asset form, brings people more thoughts and choices. It is not only a digital currency, but also a financial technology innovation that represents the development direction of the future financial system. I believe that with the continuous advancement of technology and market recognition, Bitcoin will usher in more brilliant development and inject new vitality and vitality into the global financial system.

In the future, Bitcoin will continue to shine and lead the development of the digital currency market. Investors may wish to seize the opportunity, follow the footsteps of Bitcoin, and jointly witness the arrival of a new era of digital currency. I hope every investor can get the expected gains in this magnificent market and share the wealth and happiness brought by Bitcoin. I believe that the pace of the bull market is already around the corner. Let us welcome and embrace this digital currency feast together!

The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Coin Circle (120Btc.COM) News: After Bitcoin (BTC) broke through a record high of US$73,000 in the middle of this month, it entered a price correction stage. The highest point fell by more than 17% to US$60,775. In this regard, CryptoQuant analysts pointed out that miners, whales and other market participants, including large investors, have begun to sell Bitcoin to "take profits", but judged that the Bitcoin bull market cycle is far from over: the investment inflow of new investors has been relatively small is lower, and price valuation indicators are not yet close to levels consistent with past market peaks.

Bitcoin bull and bear cycle indicator

Regarding the recent decline of Bitcoin, CryptoQuant believes that this is caused by traders selling off their positions in order to achieve high profit margins. The unrealized profit margin once soared to 69%, reaching a new high since March 2021. But despite the subsequent selling of Bitcoin by traders, the current unrealized profit margin is still as high as 47%: short-term Bitcoin holders, including traders, are selling Bitcoin at the highest profit margin since May 2019. This suggests that short-term Bitcoin holders are taking profits after Bitcoin prices hit all-time highs.

As the price of the currency soared above $70,000, large Bitcoin holders also started selling. When Bitcoin hit its all-time high on the 12th, they transferred a total of 567,000 Bitcoins, accounting for 35% of the total transfer volume of Bitcoin on the entire network. %.

Some of the large holders are Bitcoin miners, and due to the rise in Bitcoin, miners' daily income has reached an all-time high. As Bitcoin has exceeded $70,000, miners have also seen significant growth in the Bitcoin they transfer in OTC transactions.

 The bull market is not over yet

CryptoQuant added that the demand for Bitcoin in the U.S. market has slowed down, and the Coinbase premium began to turn negative after Bitcoin hit a new all-time high. If Bitcoin continues to correct, it may fall to $58,000 to $60,000. This is a large-scale Cost basis for short-term holders.

But in the long term, CryptoQuant believes that Bitcoin has not yet reached the top of this bull market cycle. Currently, about 48% of Bitcoin buying funds come from short-term investors. Historically, when short-term investors accounted for 84%- The bull cycle will not end until 92% of Bitcoin investments are made.