PANews reported on August 4th that AXEL Adler Jr, a CryptoQuant analyst, pointed out that the Bitcoin bull market has entered its late stage, and investors' risk appetite is gradually declining. Data shows that relevant indicators broke through 1.9 in March and December 2024, but recently have formed lower peaks, with holders beginning to actively sell, putting pressure on the market.
Although investors are still making profits, the marginal returns from each price increase are gradually decreasing. Considering the Federal Reserve's expected two interest rate cuts this year, he predicts that there will be two more rebounds in this cycle, after which selling pressure may exceed demand, and the market might enter a correction phase.
