NEWSLETTER
The cryptocurrency market has not had a clear direction in 2025, which reflects the uncertain state of the digital asset industry. bitcoin, the world's largest cryptocurrency for market capitalization, is currently 24% of its record price of $ 108,786 reached in January 2025.
Since the main cryptocurrency constantly moves away from its historical maximum, there have been questions about which phase of the cycle is currently the market. Interestingly, recent data in the chain offer an idea of the current state of the bitcoin market and the reaction of the participants.
Are experienced btc investors who anticipate a price increase?
In a quick publication on the Criptoquant platform, the axel analyst Adler Jr. shared An analysis of the current bitcoin cycle, which offers information on the behavior of an important group of investors. According to the online expert, btc experienced players have again accumulate the badly cryptocurrency.
Adler Jr. revealed that experienced btc investors have been involved in four phases of accumulation (January 2023, October 2023, October 2024, March 2025) in the current cycle. On the other hand, the sale activity of these market participants has reached four different peaks, including January 2024, April 2024, July 2024 and January 2025.
The relevant indicator in the chain here is the <a target="_blank" href="https://www.newsbtc.com/news/bitcoin/bitcoin-cycle-top-on-chain-signals-you-need-to-know/” target=”_blank” rel=”noopener nofollow”>Destroyed days (VDD) metricwhich tracks the spending behavior of long -term investors. The table below shows that the Metric VDD has constantly decreased since the beginning of 2025.
<img data-recalc-dims="1" decoding="async" class="aligncenter" src="https://technicalterrence.com/wp-content/uploads/2025/03/1743340038_177_Why-do-Bitcoin-experienced-investors-accumulate-the-analyst-evaluates-the.png" alt="bitcoin” width=”1280″ height=”720″/>
Source: CryptoQuant
Using the graph as a base, Adler Jr. mentioned that three main features define the current phase of the bitcoin cycle. First, experienced investors, who were actively distributing their btc in local peaks, have now changed their strategy towards the retention and accumulation of their currencies.
In addition, the destroyed metric of the days of value suggests an absence of a significant sales pressure, which means that experienced merchants are skeptical about profits at the current price of bitcoin. In addition, low VDD values have historically preceded the significant movements of upward prices, such as investors accumulate in advance of a price increase.
Ultimately, this positive change in the behavior of bitcoin experienced holders suggests that there could be room for greater price growth for medium -term bitcoin.
bitcoin price at a glance
At the time of writing this article, the price of btc is at around $ 83,200, with a decrease of more than 2% in the last 24 hours. According to Coingcko data, cryptocurrency has also decreased by approximately 2% in the weekly period.
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btc price reclaims $83,000 level on the daily timeframe | Source: BTCUSDT chart on x/WP4XgX1e/" target="_blank" rel="noopener nofollow">TradingView
Outstanding image created by Dall-E, TrainingView graphics
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