Where Are We in the Market Cycle?

Volatility is back. Analysts are hotly debating whether we are approaching the peak or if there is still room for upside.

Indicators Speak for Themselves

The MVRV Z-Score and other metrics suggest that euphoria has not yet reached its peak.

Institutional Demand as Support

Unlike previous cycles, the current market is being driven massively by institutional buyers, which provides more stability.

Summary

Although corrections will come, the long-term outlook for 2025 remains positive.