Bitcoin price in ‘late’ maturity phase: Is the bull market close to ending?

Bitcoin onchain data and the length of BTC’s previous market cycles suggest the current bull phase is coming to an end.

Key takeaways:

BTC’s 700% rally from $15,500 to $124,500 suggests a market top in 2 to 3 months, based on past cycles.

Bitcoin supply in profit has been elevated for 273 days, signaling a potential cycle peak soon. 

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