Bitcoin chain data suggests that the bull market has less than 300 days left, and history may repeat three major pullbacks

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CryptoChan2024/12/02 03:24

By:CryptoChan

According to Cryptochan's latest on-chain data analysis, the proportion of BTC that has not moved for 6-12 months (weighted by Realized Cap, 7-day MA) has recently reached the mid-term peak of the bull market. This indicator indicates that the remaining time of the bull market in 2016 and 2020 is about one year.

Specific data comparison:

The peak of the bull market mid-term indicator in 2016 is 354 days away from the end of 2017.

The peak of the 2020 bull market mid-term indicator is 352 days away from the bull peak in the first half of 2021.

It has been 57 days since the peak of the 2024 bull market mid-term indicator, indicating that the bull market may enter a critical stage of less than 300 days.

It is worth noting that Bitcoin prices have experienced three significant pullbacks during similar periods in history (indicated by the blue arrows in the figure). Investors need to be vigilant about market volatility risks and carefully plan investment strategies to cope with possible pullbacks.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Quick Take Summary is AI generated, newsroom reviewed. BitMine purchased 104,336 ETH worth $417 million during a 20% price dip. Rising Ethereum whale activity signals renewed institutional accumulation. On-chain data confirms large holders are steadily increasing their positions. The move highlights confidence in Ethereum’s long-term strength despite short-term volatility.References 🔥 TODAY: BitMine bought 104,336 $ETH worth $417M as prices fell 20% from August highs, per onchain data.

coinfomania•2025/10/17 04:06