Glassnode: Bitcoin Bull Cycle Still Dey, October Peak Fit Happen
Glassnode latest on-chain research show say Bitcoin price still dey follow im historic four-year halving cycle. The research yarn say before cycle peaks for 2018 and 2022 happen two to three months after current stage—fit mean market peak fit land as early as October. Even with strong institutional adoption, long-term holders dey dey take profit more, and the inflow to spot Bitcoin ETF dey slow down. These signs show say the bull run fit dey near end, but the overall cycle still dey intact. Traders suppose dey watch for possible short-term top around October, plus dey monitor on-chain data and ETF flow make dem see if trend go change.
Bullish
Glassnode confirm say Bitcoin dey still follow e established four-year halving cycle wey dey support better bullish outlook. Historical data show say big cycle peaks dey arrive two to three months after the current phase, wey dey suggest say momentum go continue up till October. Even though profit-taking don increase plus ETF inflows slow down, wey fit mean say top dey near, the cycle pattern still intact wey mean say more gains fit happen short to medium term. Traders fit still hold long positions before the expected peak, dey use on-chain metrics and ETF flow data to know when to exit or adjust.