Why is the Bitcoin Cycle Boring? CryptoQuant Analyst Explained the Reason Behind It! - Koin Bulletin

Although the Bitcoin price is rising, the low interest of short-term investors is causing the current cycle to progress more calmly and slowly compared to previous bull markets.

Although the price of Bitcoin has risen in recent months, the expected enthusiasm is not seen in the market. According to CryptoQuant analyst Crypto Dan, the main reason why this cycle looks “boring” is that short-term investor interest is quite low compared to previous cycles.

New investor entry remains limited

According to on-chain data, the proportion of those holding Bitcoin for between 1 week and 1 month has significantly decreased compared to previous cycles. This situation indicates that new investors are not entering the market in large numbers and that trading activities remain limited.

Macroeconomic conditions have changed

The near-zero interest rates and ample liquidity environment during the 2020–2021 cycle had propelled the market to rapid increases. However, currently, high interest rates and tight monetary policy are slowing down capital movements in the market.

Institutions are driving instead of retail

After the approval of Bitcoin ETFs, the influence of institutional investors in the market has increased. This structure causes prices to rise more slowly and steadily instead of sudden jumps.

Crypto Dan notes that this cycle will not follow old patterns and advises investors to be patient: “The possibility of a strong move in 2025 is still on the table. It’s much more important to recognize the structure and stick to it, rather than chasing quick wins.” *