The crypto market is under selling pressure as Bitcoin and major altcoins retrace to key demand levels, testing the conviction of bulls. After months of volatility and sharp rallies, traders now find themselves in a critical phase where consolidation and uncertainty dominate the narrative. While short-term sentiment leans cautious, on-chain insights shed light on the broader forces shaping this cycle.

According to CryptoQuant analyst Dan, the percentage of Bitcoin held for over a year — measured by realized market cap — provides a reliable framework for understanding long-term market phases. In earlier phases of past cycles (cycles 1 and 2), this metric showed rapid growth as accumulation drove sharp surges, culminating in cycle peaks.

In contrast, the current cycle (3) paints a different picture. The slope of the uptrend has begun to flatten, reflecting a slower pace of growth and signaling that the cycle is stretching longer than in previous years. This extended rhythm has raised questions about the structural changes behind today’s market.

Why is the crypto market cycle slowing? Analysts point to new dynamics — from the rise of spot ETFs to growing institutional participation — as potential drivers reshaping how this cycle unfolds.

Why The Crypto Market Cycle Is Slowing Down

According to CryptoQuant analyst Dan, the slowdown in the current crypto cycle is closely tied to structural shifts in the market. One of the main Go to Source to See Full Article
Author: Sebastian Villafuerte