According to a recent report by BroadChain, it was revealed that on May 17th, the CEO of CryptoQuant, Ki Young Ju, stated that Bitcoin is currently in the mid-term of a bull market. The market capitalization of Bitcoin is growing at a faster pace than its actual value, and this trend typically lasts for approximately two years.
If this pattern continues, the bull market cycle may come to an end in April 2025.