CryptoQuant: Bitcoin bull market enters mature phase, peak may occur in October-November

2025/09/09 15:40

PANews reported on September 9th that CryptoQuant analyst Axel Adler Jr. stated that 504 days have passed since the last Bitcoin halving, and the market is currently in a mature bull market phase. During this cycle, Bitcoin experienced an extreme Value Destroyed Daily (VDD) peak at $70,000 in March, followed by two intermediate distribution waves around $98,000 and $117,000, but falling short of the extreme levels seen in March. This segmented selling by long-term holders (LTHs) suggests a more sustainable market redistribution driven by institutional demand.

The final determination of the cycle peak will require the emergence of the "peak flag" indicator, which is typically triggered when the spot price is approximately 11 times the price realized by long-term holders. This indicator is expected to occur as early as October-November 2025. At the same time, attention should be paid to the emergence of a large-scale spending wave by experienced holders and a short-term volatility peak.

Aviso legal: Los artículos republicados en este sitio provienen de plataformas públicas y se ofrecen únicamente con fines informativos. No reflejan necesariamente la opinión de MEXC. Todos los derechos pertenecen a los autores originales. Si consideras que algún contenido infringe derechos de terceros, comunícate con service@support.mexc.com para solicitar su eliminación. MEXC no garantiza la exactitud, la integridad ni la actualidad del contenido y no se responsabiliza por acciones tomadas en función de la información proporcionada. El contenido no constituye asesoría financiera, legal ni profesional, ni debe interpretarse como recomendación o respaldo por parte de MEXC.
Compartir perspectivas

También te puede interesar

U.S. Republican lawmakers seek scrutiny of Bitmain and Cango Inc.

U.S. Republican lawmakers seek scrutiny of Bitmain and Cango Inc.

PANews reported on September 9th that according to Bloomberg, US Republican Senator Zachary Nunn called on the federal government to investigate Bitcoin mining hardware manufacturers Bitmain and Cango Inc., claiming their growing US operations could pose a national security risk. Nunn noted that Bitmain and Cango "appear to be expanding their US operations through complex ownership structures and financing arrangements, with potential lack of transparency for regulators and the public." Representatives from both Bitmain and Cango responded by stating that they strictly abide by all US laws and have no ties to any government or state-owned enterprise. Bitmain stated that it was aware of rumors regarding its planned acquisition of Cango, but that "these rumors are completely untrue." It also denied exploring direct ownership of US power plants and called the suggestion that its mining equipment could impact infrastructure "unfounded." Cango stated that it does not comment on "market rumors" or potential mergers and acquisitions. Nunn requested an investigation by the Committee on Foreign Investment in the United States (CFIUS), an interagency panel chaired by Bessent. The panel reviews national security risks posed by foreign companies entering the U.S. market. Nunn urged CFIUS to investigate several specific allegations, including "potential ties" between Cango and foreign government actors, Bitmain's "potential acquisition" of Cango, and Cango's electricity use in the United States. Nunn serves on a congressional subcommittee that examines U.S.-China competition in the defense, technology, and economic sectors.
Compartir
PANews2025/09/09 20:42
Compartir