Bitcoin’s market dynamics have entered a mature bull phase, a trend underscored by the halving event that occurred 504 days ago. According to CryptoQuant analyst Axel Adler Jr., this milestone marks a transition where macro trends, long-term holder behaviors, and institutional demand converge to drive the cryptocurrency forward.

Key Market Observations

• Halving as a Catalyst: The Bitcoin halving event is widely regarded as a transformative catalyst. With 504 days having passed since the event, Bitcoin is displaying signals of maturity—a fact highlighted by its evolving price cycle.
• Price Waves & VDD Peaks: Bitcoin hit a notable $70,000 VDD peak in March, a marker of bullish momentum. Subsequent smaller waves at $98,000 and $117,000 further demonstrate a nuanced, layered climb that reflects both short-term pressures and long-term sustainability.
• Long-term Holder Strategy: Institutional players and long-term holders are now distributing their positions in segments. This measured distribution strategy is seen as a sign of confidence, indicating that the bullish phase is underpinned by solid fundamentals rather than transient hype.

Expert Insights and Forward-Looking Projections

Industry experts are closely monitoring the “11x realized value” metric—a potential indicator for the cycle’s final peak. Projections suggest that Bitcoin might reach this crucial juncture between October and November 2025, marking another significant milestone in its bull phase progression.

Analysts underscore that the underlying strength of the bull market is not solely reliant on speculative movements but is anchored in real-world institutional interest and long-term market participation. This robust foundation provides a convincing argument for Bitcoin’s sustainable growth trajectory.

Recent Price Trends and What They Mean for Global Crypto News

Recent price trends illustrate a complex interplay between rapid price surges and cautious, segmented distribution by long-term holders. This strategy mitigates volatility and ensures a steady price appreciation curve, reinforcing Bitcoin’s reputation as a resilient asset in the global cryptocurrency market.

For enthusiasts and investors keeping abreast of Cryptocurrency News and Global Crypto News, these developments are crucial. They highlight that Bitcoin's current bull phase is not merely a speculative bubble but a well-supported market cycle driven by calculated strategies and substantial demand from key institutional investors.