Bitcoin’s current price movement continues to raise questions about whether the bull cycle is coming to an end. However, accumulation patterns across different cohorts of BTC investors indicate the cycle is in late-stage maturity, not at a definitive end.
According to a report from CryptoQuant, on-chain data shows that although bitcoin’s short-term momentum is weakening, its long-term structural demand remains intact. This is substantiated by accumulation patterns in the dolphin cohort, the investor group comprising exchange-traded funds (ETFs), corporations, and large BTC holders.
Late-stage Maturity or Cycle End?
CryptoQuant analysts said the dolphin cohort is the anchor of this bull cycle and has become the most important group to monitor. These addresses hold a balance of 100 to 1,000 BTC and now account for the largest share of the circulating bitcoin supply (26%, or 5.16 million BTC). Their counterparts, including the whale, fish, and humback cohorts, account for just 21.32%,
We współpracy z: https://cryptopotato.com/bitcoin-accumulation-patterns-show-late-stage-cycle-maturity-not-definite-end-cryptoquant/
