Analysis: Under the risk appetite in the later stage of the Bitcoin bull run, there will still be two more rebounds in this cycle.

PANews, August 4th news, CryptoQuant analyst Axel Adler Jr pointed out that the Bitcoin bull run has entered the later stages, and investor risk appetite is gradually declining. Data shows that relevant indicators had previously exceeded 1.9 in March and December 2024, but have recently formed lower peaks, with holders beginning to actively sell, putting pressure on the market. Although investors are still making profits, the marginal gains from each price increase are gradually decreasing. In the context of the Federal Reserve's expectation of two rate cuts this year, he predicts that there will be two more rebounds in this cycle, after which selling pressure may exceed demand, and the market may enter a correction phase.