CryptoQuant: The crypto market may still be in the early stages of a bull run, and the true rally may have not yet begun.
CryptoQuant community analyst Crypto Dan stated that historically, a strong rally typically follows when the proportion of Bitcoin held for over 18 months across the network first rises and then begins to decline. Although the market has shifted into a bullish cycle, this signal has not yet appeared, indicating that the uptrend may still be in its early stages. He also pointed out that most people remain largely unengaged with crypto investments, and even those interested tend to watch from the sidelines. With the market far from overheated, there remains room to be optimistic about further upside potential and the duration of this cycle.