Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnSquareMore
Although late, it's here! The big return of the BTC bull market after the halving is in full swing

Although late, it's here! The big return of the BTC bull market after the halving is in full swing

CryptoChan2024/10/30 06:29
By:CryptoChan
The current BTC market is reproducing the bull market performance after the historical halving cycle. From the chart, it can be seen that three curves represent the changes in the BTC MVRV (market value to average on-chain buying price) indicator for different cycles.
 
Black line : the current cycle after the 2024 halving.
Blue line : 20-24 year cycle.
Red line : 16-20 year cycle.
 
Each curve starts from the day when the BTC mining output is halved in their respective cycle. It is worth noting that this MVRV version removes long-term dormant or lost BTC on the chain that has not moved for more than 7 years to more accurately reflect the market's active level. The data shows that the current MVRV trend is similar to the historical cycle, which may indicate signs of a return to the BTC bull market.
Although late, it's here! The big return of the BTC bull market after the halving is in full swing image 0
1

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.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?

The support levels near $78,000 and $70,000 present a good entry opportunity.

深潮2025/11/28 07:23
Interview with VanEck Investment Manager: From an Institutional Perspective, Should You Buy BTC Now?

Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

The deliberate devaluation of the US dollar, combined with extreme cross-border imbalances and excessive valuations, is brewing a volatility event.

深潮2025/11/28 07:22
Macroeconomic Report: How Trump, the Federal Reserve, and Trade Sparked the Biggest Market Volatility in History

Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?

He made it clear: neither of these two applications is perfect, and there is still a long way to go to achieve true user experience and security.

深潮2025/11/28 07:22
Vitalik donated 256 ETH to two chat apps you've never heard of—what exactly is he betting on?

Prediction Market Supercycle

金色财经2025/11/28 07:15
Prediction Market Supercycle