ChainCatcher news, CryptoQuant founder and CEO Ki Young Ju posted on social media that 285 days have passed in 2024, and if Bitcoin cannot start a bull market within 14 days, it will set the record for the longest consolidation period since the halving.

ChainCatcher news, the Glassnode Onchain Newsletter on Wednesday indicated that despite the recent pullback, the overall structure of the Bitcoin market remains consistent with historical bull markets, reflecting both the resilience of demand and the limited scale of the recent correction. The report emphasizes that although Bitcoin has experienced adjustments, these corrections have been much milder compared to previous cycles.Two key indicators highlighted by Glassnode are the True-Market Mean and the Active Investor Price, both of which help estimate the average cost basis of Bitcoin investors in the current market cycle. The True-Market Mean reflects the average price at which all market participants acquired Bitcoin over a period of time; on the other hand, the Active Investor Price specifically focuses on the average cost basis of investors who have been active in trading over the past few months.Since the beginning of this year, spot prices have generally remained above these two levels, with only brief exceptions. The report states that this indicates a strong support base, which helps stabilize the market during price declines.

ChainCatcher message, BCA Research believes that the rise in risk appetite may not be sustained, as China's latest stimulus measures have failed to generate a significant bullish "credit impulse" like in the past two decades (including 2015). Between 2000 and 2020, when the Chinese real estate market was booming, there was potential to introduce an exponential credit curve into the real estate and construction boom. However, now, due to the lack of alternative productive uses for credit of the same scale, it will be difficult to generate the same massive credit impulse.It is reported that the credit impulse refers to the percentage of new credit flows issued through loans and other debt instruments relative to the Gross Domestic Product (GDP). Since the 2008 financial crisis, analysts have closely monitored China's credit impulse as a leading indicator of global economic growth and a rebound in risk appetite. Historically, the resurgence of this indicator has coincided with the bottoming of the Bitcoin bear market.During the last major bullish easing cycle in 2015, the credit shock peaked at 15.5 trillion yuan, equivalent to 15% of GDP. At that time, the Chinese stock market, represented by the CSI 300, more than doubled in six months, while Bitcoin bottomed around $100, subsequently rising in a two-year bull market and peaking near $20,000 in December 2017.

ChainCatcher news, according to CoinDesk, CoinDesk senior analyst James Van Straten stated that retail investors may not be as numerous in the current cycle, and they have become increasingly sophisticated.James noted that retail investors were a significant factor in the last cryptocurrency bull market, helping to drive up the prices of digital assets and market enthusiasm. Many entered the crypto market for the first time during the COVID lockdowns from 2021 to 2022.The current bull market cycle began in mid-2023 and is more institutionally driven. Nowadays, the main topics revolve around ETFs and the slow but steady adoption of TradFi. So far, retail investors have not returned in the same numbers. (Meme coins are an exception)

ChainCatcher message, Lookonchain posted on X that historically, Bitcoin's 5 bull markets have all started in October, and this October's performance is worth looking forward to.

ChainCatcher message, CryptoQuant analyst coinonni stated that during the current bull market cycle, the profitable supply of Bitcoin has remained above 80% for most of the time. Looking back at past cycles, the profitable supply of Bitcoin has mostly stayed above 80%.Although there were brief instances this summer when the indicator dipped below 80%, these moments often became buying opportunities. This phenomenon may indicate that despite some recent market adjustments, Bitcoin holders are still in a profitable position overall, which could provide support for the market's subsequent trends.

ChainCatcher news, MN Trading founder Michaël van de Poppe posted on X: "There is a significant inflow of funds into Ethereum and Bitcoin ETFs.I believe this trend will continue, as both of these blue chips are the best bets against the potential failure of the dollar.Meanwhile, China is pushing the market forward. Perhaps Asia will provide the momentum for a bull market."

ChainCatcher message, the founder of the crypto analysis firm Reflexivity Research, Will Clemente, stated on social media that it is psychologically very difficult to shift from trying to cut profits during a rebound to allowing winners to continue to rise amid volatility. In my opinion, confirming a change in market structure for Bitcoin above $65,000 is the threshold for risk appetite and shifting this bias.

ChainCatcher news, according to The Block, FalconX research director David Lawant stated that the correlation between cryptocurrency prices and broader risk asset indices has been rising and may remain high for some time. The current lower interest rate cycle combined with a soft landing is the baseline for most investors and will create a new macro environment for cryptocurrencies. Favorable election outcomes and a liquidity environment more conducive to risk assets may trigger the next cryptocurrency bull market.

ChainCatcher news, Outlier Ventures research director Jasper De Maere stated that as market conditions improve, Ethereum's on-chain activity could increase significantly. This activity is primarily driven by speculation and increased participation in decentralized applications.De Maere said, "With market volatility, we will see a surge in Ethereum on-chain activity, so there is clearly speculative activity, and then dApp activity drives on-chain activity. I would say this will still be driven by speculative activity, and dApp activity will be sustained through airdrops, as many companies will hold token generation events (TGE) and move to the mainnet."

ChainCatcher news, according to Cointelegraph, Ledger's Chief Experience Officer Ian Rogers emphasized the importance of maintaining security awareness during bull market cycles in an interview at the Token2049 conference in Singapore. Rogers stated, "In every bull market cycle, there are always people who find seemingly reasonable justifications to compromise on security or self-custody." He specifically mentioned that during periods of rapid market expansion, many cryptocurrency holders tend to store their assets on centralized exchanges rather than opting for self-custody.In response, Rogers emphasized, "If you are not doing self-custody, then what is the point of choosing cryptocurrency?" He warned investors against over-relying on centralized exchanges, especially during market downturns, and cited the now-defunct cryptocurrency exchange FTX as an example. "What they did was simply hand over funds to someone in the Bahamas and then add a column of data on a spreadsheet. That is not called cryptocurrency; that is called fraud."Beyond the cryptocurrency space, Rogers also pointed out the rising trend of global cybercrime. He predicted, "From now on, you can say every year that this year is the worst year for cybercrime, and that statement will always be accurate." To address this increasingly severe threat, Rogers suggested achieving secure self-custody of digital assets through hardware solutions and clear signature technology, ensuring that users fully understand the transactions they are authorizing.

ChainCatcher message, trader Eugene Ng Ah Sio posted on social media: "If this is really the beginning of a sustained rebound, I can't imagine SOL staying below $150 for long.We have tested and held steady at the iron support zone of $120 multiple times, while another competing L1 chain has more than doubled when SOL was at a low.For me, this is the final confirmation signal that we are about to enter a bull market."