{"id":20726,"date":"2025-01-28T19:31:21","date_gmt":"2025-01-28T17:31:21","guid":{"rendered":"https:\/\/forklog.com\/en\/experts-assess-bitcoins-position-in-the-market-cycle\/"},"modified":"2025-01-28T19:31:21","modified_gmt":"2025-01-28T17:31:21","slug":"experts-assess-bitcoins-position-in-the-market-cycle","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/experts-assess-bitcoins-position-in-the-market-cycle\/","title":{"rendered":"Experts Assess Bitcoin&#8217;s Position in the Market Cycle"},"content":{"rendered":"<p>Despite heightened market activity, the share of &#8220;young&#8221; <span data-descr=\"Unspent transaction output, \u043d\u0435\u0438\u0437\u0440\u0430\u0441\u0445\u043e\u0434\u043e\u0432\u0430\u043d\u043d\u044b\u0439 \u0432\u044b\u0445\u043e\u0434 \u0442\u0440\u0430\u043d\u0437\u0430\u043a\u0446\u0438\u0438\" class=\"old_tooltip\">UTXO<\/span> has yet to reach historically peak levels. This was noted by CryptoQuant contributor known as IT Tech.<\/p>\n<p><!--more--><\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"cryptoquant_official\/2826\" data-width=\"100%\"><\/script><\/p>\n<p>The analyst observes that in previous cycles (marked 1-5 on the chart), a pattern emerged: peaks were dominated by UTXOs &#8220;aged&#8221; from one day to three months. The share of recently moved coins reached maximums during market highs, as seen in 2013, 2017, and 2021.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Current values are still far from the extreme levels recorded at the peaks of previous cycles,&#8221; the expert emphasized.<\/cite><\/p><\/blockquote>\n<p>According to him, before distribution begins, market participants are likely to witness another &#8220;upward surge&#8221; on the charts.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;If long-term holders maintain their positions, this jump could have even more room for growth,&#8221; noted IT Tech.<\/cite><\/p><\/blockquote>\n<p>According to Glassnode, the current share of &#8220;young&#8221; UTXO is only 50.2%.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">At 50.2%, the proportion of wealth held by new <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> investors (24H to 3 months), is still well below the levels seen during previous ATH cycle tops:<\/p>\n<p>?2018 peak: 85%<br \/>?2021 peak: 74%<a href=\"https:\/\/t.co\/hkTSpFVAPG\">https:\/\/t.co\/hkTSpFVAPG<\/a> <a href=\"https:\/\/t.co\/6gcOgIIlvM\">pic.twitter.com\/6gcOgIIlvM<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1884218063391973607?ref_src=twsrc%5Etfw\">January 28, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the peak of the 2018 bull phase, the figure was 85%, and in 2021 it was 74%.  <\/p>\n<p>The MVRV indicator is currently slightly below the 3 mark.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"608\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-28-171120-1024x608.png\" alt=\"Snimok-ekrana-2025-01-28-171120\" class=\"wp-image-250654\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-28-171120-1024x608.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-28-171120-300x178.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-28-171120-768x456.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/Snimok-ekrana-2025-01-28-171120.png 1308w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/www.bitcoinmagazinepro.com\/charts\/mvrv-zscore\/\">Bitcoin Magazine Pro<\/a>.<\/figcaption><\/figure>\n<p>The &#8220;red zone&#8221; of overbought conditions, indicating the advisability of selling, starts at level 7. At the 2017 peak, the metric reached a value of 10.<\/p>\n<p>Earlier, experts from Copper <a href=\"https:\/\/forklog.com\/en\/news\/bitcoins-peak-predicted-for-may-2025-amid-us-recession-forecasts\">predicted<\/a> a Bitcoin price peak at the end of May 2025. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite heightened market activity, the share of &#8220;young&#8221; UTXO has yet to reach historically peak levels. This was noted by CryptoQuant contributor known as IT Tech.<\/p>\n","protected":false},"author":1,"featured_media":20725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[480,1146,1145,1255],"class_list":["post-20726","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-price","tag-cryptocurrency-market-forecasts","tag-market-analysis","tag-utxo"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20726","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=20726"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/20726\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/20725"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=20726"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=20726"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=20726"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}