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Analyst: Bitcoin in Late Bull Market Phase According to Cycle Indicators
Summary: According to CryptoQuant analyst Axel Adler Jr, Bitcoin has been fluctuating in a narrow range between $111,000 and $117,000 this week, with a 90-day return rate of +5%, indicating a consolidation phase in the market. In terms of spot ETF fund flows (7 days), there was a net outflow of 2400 BTC; the 7-day average ...
According to CryptoQuant analyst Axel Adler Jr, Bitcoin has been fluctuating in a narrow range between $111,000 and $117,000 this week, with a 90-day return rate of +5%, indicating a consolidation phase in the market. In terms of spot ETF fund flows (7 days), there was a net outflow of 2400 BTC; the 7-day average trading volume was 545,000 BTC/day, easing distribution pressure. In the macro environment, the Fed hinted at a possible rate cut, with declining yields providing support to the market, but still constrained by tariff and cost risks. The Index Market Phase indicates that Bitcoin is in the late stage of a bull market.
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