Bitcoin Market Approaching Maturity: Analysis Amid Halving Cycle

CryptoQuant analyst Axel Adler Jr. points out that Bitcoin is experiencing a mature bull market phase, marked by 504 days since the last halving event. This period witnessed Bitcoin’s price surge to an extreme Value Days Destroyed (VDD) peak of $70,000 in March. Subsequent moderate selling phases occurred around $98,000 and $117,000, although these didn’t reach the March peak levels. The segmented selling behavior by long-term holders suggests a more sustainable market redistribution driven by institutional demand.