加密貨幣市場接近牛市週期峰值，市場分析師建議謹慎

據 CryptoQuant 稱，加密貨幣市場正顯示出進入當前牛市週期後期的跡象。

Yerevan (CoinChapter.com) — The cryptocurrency market is entering the later stages of its current bull cycle, according to CryptoQuant. Analysts are advised to be cautious as key indicators suggest a potential cyclical peak by early 2025.

埃里溫 (CoinChapter.com)——據 CryptoQuant 稱，加密貨幣市場正在進入當前牛市週期的後期階段。建議分析師保持謹慎，因為關鍵指標顯示 2025 年初可能會出現週期性高峰。

Bull Market Timing: Peak Expected by Q1 or Q2 2025

多頭時機：預計 2025 年第一季或第二季達到峰值

The bull market, which began in Jan. 2023, is expected to hit its peak between the first and second quarters of 2025, according to Crypto Dan, a contributor at CryptoQuant. The analysis highlights increased investment activity from both new and existing participants, suggesting the market is nearing the end of its cycle.

CryptoQuant 的撰稿人 Crypto Dan 表示，始於 2023 年 1 月的牛市預計將在 2025 年第一季和第二季之間達到頂峰。該分析強調了新參與者和現有參與者的投資活動增加，表明市場已接近週期結束。

“With a substantial influx of new investments as well as additional funds from existing investors, it is reasonable to expect that the market is now in the latter stages of this cycle,”

“隨著新投資的大量湧入以及現有投資者的額外資金，可以合理地預期市場目前正處於本週期的後期階段。”

the post noted on Jan. 6.

該貼文於 1 月 6 日指出。

CryptoQuant: Bitcoin Metrics Show Market Trends

CryptoQuant：比特幣指標顯示市場趨勢

CryptoQuant data shows a spike in short-term Bitcoin holding patterns. In the fourth quarter of 2024, the percentage of Bitcoin (BTC) traded for less than one month rose to 36%, echoing patterns observed in previous bull market peaks.

CryptoQuant 數據顯示短期比特幣持有模式激增。 2024 年第四季度，交易時間不到一個月的比特幣 (BTC) 比例升至 36%，與先前多頭高峰時觀察到的模式相呼應。

The report indicates this ratio could continue rising, potentially doubling or quadrupling, before the market corrects during the transition to a bear cycle. CryptoQuant stresses the importance of risk management in such an environment.

該報告指出，在市場向熊市週期過渡期間進行調整之前，這一比率可能會繼續上升，可能會翻倍或四倍。 CryptoQuant 強調在這種環境下風險管理的重要性。

“Expectations for substantial gains in both Bitcoin and altcoins should still be kept open,”

“對比特幣和山寨幣大幅上漲的預期仍應保持開放。”

the post added.

該帖子補充道。

“Nevertheless, from a conservative standpoint and with risk management in mind, caution is advised.”

“儘管如此，從保守的角度來看，並考慮到風險管理，建議謹慎行事。”

Diverging Views on Market Trajectory

對市場軌跡的不同看法

While CryptoQuant signals caution, other analysts have offered more optimistic forecasts. VanEck projects Bitcoin reaching $180,000 and Ethereum surpassing $6,000 by the end of 2025. Betting on a medium-term peak in Q1 2025, Matthew Sigel, VanEck’s head of digital asset research, also anticipates new all-time highs later in the year.

儘管 CryptoQuant 發出了謹慎的信號，但其他分析師卻給出了更樂觀的預測。 VanEck 預計到2025 年底，比特幣將達到18 萬美元，以太坊將超過6,000 美元。 。

Betting platforms Polymarket and Kalshi also predict new record highs for Bitcoin and Ethereum in 202025. They further expect regulatory developments, including approvals for new crypto ETFs and a strategic Bitcoin reserve in the United States.

博彩平台 Polymarket 和 Kalshi 也預測比特幣和以太坊將在 202025 年創下新高。