CryptoQuant: BTC has reached a critical midpoint in March 2024 and is currently approaching the peak of the bull cycle

Crypto Dan, an analyst at CryptoQuant, said the change in the share of bitcoin trading volume over a 6- to 12-month period reflects the inflow of funds and is closely related to market movements. Typically, the first drop in the indicator marks the end of the early stages of a bull market, followed by another drop to lower levels, which means the end of the bull cycle.
Bitcoin reached a critical midpoint in March 2024 and is now gradually approaching the peak of the current bull market cycle.