PANews reported on April 4 that CryptoQuant analyst Crypto Dan said that the change in the proportion of Bitcoin trading volume in a 6- to 12-month cycle reflects the current round of capital inflows and is closely related to market trends. Usually, the first decline in this indicator marks the end of the early stage of the bull market, and when it falls to a lower level again, it means the end of the bull market cycle.

Bitcoin reached a critical midpoint in March 2024 and is now gradually approaching the peak of this bull market cycle.