The cryptocurrency market did not have a clear direction in 2025, reflecting the uncertain state of the digital asset industry. Bitcoin, the world’s largest cryptocurrency according to market capitalization, is currently 24% from a record price of USD 108,786 achieved in January 2025.
Since the most vital cryptocurrency has been constantly drifting for the highest time, questions arose about what phase of the cycle the market is currently. Interestingly, the latest data in the chain offer some insight into the current state of the Bitcoin market and the reaction of participants.
Do experienced BTC investors expect prices?
In the Quicktake post on the Cryptoquant platform, analyst Axel Adler Jr. common Analysis of the current bitcoin cycle, offering insight into the behavior of an vital group of investors. According to expert internet, experienced BTC players are returning to collecting the flagship cryptocurrency.
Adler Jr. He revealed that experienced BTC investors were involved in four accumulation phases (January 2023, October 2023, October 2024, March 2025) in the current cycle. On the other hand, the sale of the sale of these market participants achieved four separate peaks, including January 2024, April 2024, July 2024 and January 2025.
The appropriate chain indicator is here Value of days damaged (VDD) indicatorwhich tracks the preservation of long -term expenses of investors. The chart below shows that the VDD metric has been constantly falling from the beginning of 2025.
Source: CryptoQuant
Using the chart as the basis, Adler Jr. He mentioned that the three main features define the current phase of the bitcoin cycle. First of all, experienced investors who actively distributed their BTC at local peaks changed their strategy to hold and accumulate coins.
In addition, the destroyed record of values days suggests a lack of significant sales pressure, which means that experienced traders are skeptical about profit at the current price of Bitcoins. In addition, the periods of low VDD values historically preceded significant price movements, because investors accumulate in anticipation of price increases.
Ultimately, this positive change in the behavior of experienced Bitcoin owners suggests that there may be a place for a further enhance in bitcoin prices in the medium period.
Bitcoin price at first glance
From this letter, the price of BTC is about USD 83,200, and a decrease by over 2% in the last 24 hours. According to Coingecko data, the flagship cryptocurrency also fell by about 2% in a weekly time.
BTC price reclaims $83,000 level on the daily timeframe | Source: BTCUSDT chart on TradingView
A distinguished picture created by Dall-E, chart from TradingView
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