While the uncertainty continues in the Bitcoin and the crypto market, investors question whether the bull run has ended. Although Bitcoin’s price movements do not fully match the previous loops, On-Chain data shows that there is still a strong flow of liquidity on the market. Although there are concerns that the bull market ends, some data indicate that it could only be a consolidation process.
Is the Bitcoin historical cycle different this time?
Bitcoin usually lives strong rally after halving. However, in this cycle, price movements draw a picture different from previous years. Traditionally, the peak is 12-18 months after BTC Halving, and the existing data shows that there may be a huge rise until the middle of 2025.
However, this cycle contains additional factors affecting the market. The crypto -friendly policies of the Trump administration and the increasing corporate investor interest may cause Bitcoin to act outside the traditional models. Therefore, it can be misleading to compare it directly with past data.
The increase in stablecoin supply points to a new rally
Despite the latest market corrections, the stablecoin supply increased greatly. Stablecoin market value, which was $ 146 billion in March 2024, is currently reaching $ 217 billion. This shows that there is a large amount of liquidity in the market and that investors still have the potential to turn to risky assets.
The increase in stablecoin supply is usually seen at the beginning of rise periods. Investors may be holding stablecoin to protect from volatility, but the re -entering of this money into the crypto market may trigger a large bull run. Increasing the use of stablecoin by corporate investors may also accelerate this process.
Is the bull over? Dex volumes fall, but the market maintains its vitality
The decentralized stock market (Dex) volumes reached $ 48.5 billion in January 2025, but in the last month, this figure fell to $ 6 billion. Although this harsh decline gives the impression that there is a decline in the market, the current levels are still above the averages of 2021 and 2022.
This shows that the market is not fully collapsed, but that it is sitting in a healthier balance. The high trading volume proves that it is still a great interest and liquidity. If the market is really in a re -accumulation process, a powerful bull wave can start again in the coming months.
