Bitcoin’s Quiet Rise: Analyst Identifies Two Key Reasons for Lack of Explosive Spikes

Despite Bitcoin’s recent price surge, it’s exhibiting unusual calm compared to previous bull runs, according to CryptoQuant analyst Crypto Dan. He attributes this divergence to two primary factors: changing market dynamics and macroeconomic conditions. Dan highlights a lack of ‘explosive new funds and participants’ as a key reason for the current market’s subdued behavior. In contrast to past cycles, where rapid price gains often came with an influx of short-term holders, Bitcoin trading shows lower levels of speculative capital and newly entering retail investors in this cycle.