Reported 12 months ago
Bitcoin's price has decreased by 1.35% in the last 24 hours, standing 16% below its all-time high of $73,835. Market analysts are concerned about whether Bitcoin has reached its cycle top, with on-chain metrics such as the Bitcoin long-term holder inflation rate and Bitcoin Dormancy Flow showing signs of weakness. Charles Edwards from Capriole Investments highlighted these metrics indicating a potential cycle peak, as historic data suggests that peaks in these metrics have preceded market tops by a few months.
Source: YAHOO