CryptoQuant: BTC has reached a critical midpoint in March 2024 and may be heading towards the peak of a bull market cycle

CryptoQuant analyst Crypto Dan stated that the change in the proportion of Bitcoin trading volume over a period of 6 to 12 months reflects the inflow of funds in this round and is closely related to market trends. Usually, the first decline of this indicator marks the end of the early stages of a bull market, and then when it falls again to a lower level, it means the end of the bull market cycle. Bitcoin reached a critical midpoint in March 2024 and is gradually approaching the peak of this bull market cycle.