On-Chain Metrics Dey Talk Say Bitcoin Bull Run Don Near Final Stage
Bitcoin bull run momentum still dey intact but e dey show sign say e dey tire for end of cycle. CryptoQuant analyst Gigisulivan talk say some on-chain metrics dey show say e fit reach peak soon. Fear & Greed index dey for “greedy” area; if e pass 75–85, traders suppose prepare for market top. Long-term holder SOPR just jump pass 4—this be exhaustion signal wey dem don see before for cycle high—meaning say e fit fall back go $100,000. Stock-to-flow model still dey predict say peak fit reach $150,000 to $200,000, while MVRV ratios wey dey go pass 3.0 and Puell Multiple dey show say rally fit cool down within 8–12 weeks wey dey come. Gigisulivan also talk say next bear market go show for end of 2026, with Bitcoin go down under $35,000. At the same time, US Treasury confirm say dem no get plan to buy Bitcoin immediately for their Strategic Bitcoin Reserve, wey dey weaken the possible good catalyst. Traders suppose make dem consider these mixed signals: on-chain analysis dey talk say limited upside remain, but one last push fit still happen before the correction wey go last long.
Neutral
Di mixed on-chain indicators dey show say di bull run never finish yet but e dey near exhaustion. SOPR spike pass 4 and fear and greed reading wey high before don always mean say cycle dey peak. Meanwhile, stock-to-flow, MVRV and Puell Multiple dey talk say upside no too much and say cooling fit happen inside few weeks. US Treasury decision to no buy Bitcoin immediately comot one big bullish catalyst. All these factors together mean say make pesin dey cautious, no too happy or too worried, dem reason for market view wey neutral.