CryptoQuant Says the BTC Bull Market Is Still in Its Early Stages
CryptoQuant contributor crypto-dan says the BTC bull market may still be in its early stages. Historically, a rise and subsequent decline in the share of BTC held for more than 18 months has often accompanied strong price gains. That long-term holder signal has not yet appeared, and CryptoQuant says the market does not appear overheated. The analysis suggests a larger BTC rally may still lie ahead, though it does not guarantee future price gains.
Bullish
The assessment is mildly bullish because CryptoQuant’s analysis describes the BTC market as being in an early bull-market phase, not yet overheated, and potentially before a stronger rally. Its historical reference is the share of BTC held for more than 18 months: a rise followed by a decline has often coincided with strong gains. However, the article says this signal has not appeared yet, so it is not confirmation of an imminent move. In the short term, traders may treat the commentary as supportive sentiment, but price action, trading volume, liquidity and broader risk appetite are likely to matter more. Similar cycle-based observations in the past have offered context rather than reliable timing; long-term holder behavior can change as prices and market conditions shift. The view is therefore cautiously bullish, with no specific price target or guarantee and a risk of volatility if expected demand or momentum fails to materialize.