Analytics Firm Warns For Bitcoin: “If Bitcoin Hits ATH and Altcoins Follow the Bull…”

Bullish Crypto Market Faces Cautionary Signs, CryptoQuant Analysis Reveals

Analyzing on-chain data, CryptoQuant highlights a potential market peak as investor sentiment reaches euphoric levels. Bitcoin's ongoing capital inflows continue to attract attention.

CryptoQuant's analysis emphasizes the significance of Bitcoin held by investors for less than six months, a crucial market cycle indicator. Throughout bullish cycles, new investors and inflows typically surge. Notably, Bitcoin spot ETFs have accelerated this trend.

While Bitcoin's price action remains positive, CryptoQuant cautions against excessive market enthusiasm. If Bitcoin surpasses its all-time high and altcoins rally significantly, a new influx of capital may follow. Historically, such patterns have often preceded market peaks.

"If Bitcoin and altcoins gain significant traction, attracting new investors and capital, it could signal the end of the current bullish cycle," the report concludes.

Note: This information does not constitute investment advice.