Bitcoin, the leading cryptocurrency, continues to exhibit uncertain momentum since hitting its all-time high above $109,000 in January 2024. Since then, the digital asset has experienced diminished bullish activity and steady downward pressure, reflected by its latest price of approximately $82,000, marking a marginal weekly drop of about 0.6%. Related Reading: Bitcoin Market Sentiment Worsens as Bull Score Index Drops to 10 Market Implications of Volume Ratio Trends Amid these market conditions, Crypto Dan, an analyst contributing to CryptoQuant’s QuickTake platform, has provided insights highlighting a notable market trend. According to Dan, Bitcoin’s trading volume over six to twelve months acts as an indicator of the amount of capital entering the cryptocurrency market during specific market cycles. As highlighted in the chart shared, the metric typically undergoes two distinct phases of decline: the first signals the conclusion of the early bull cycle phase, while the second, lower drop, traditionally marks the peak and subsequent end of the cycle. The volume ratio trend outlined by Crypto Dan provides insights into investor behavior and market sentiment. Essentially, as this ratio decr ..
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