Is the repeated Bitcoin history? A look at the data trends on the chain

The recent price movements in Bitcoin (BTC) have sparked speculation about the potential end of the bull market and the start of the bear season. Investors ask whether the leading digital assets enter a period of continuous shrinkage and side movement, but analysts still insist on the presence of hope.

Series analyst and Bitcoin Insights IT Secure Data can help from previous market courses predicting the future of this emerging market and revealing whether BTC has reached its climax for this season. The company focused on the size of Bitcoin transactions through previous bulls and bear.

Historical bitcoin trends

During the 2016-2017 bull session, when BTC rose to nearly $ 20,000, the market witnessed an increased activity in large transactions, which exceeds one million dollars. With the high price of bitcoin, adult investors accumulated significantly, prompting the market to new levels.

By the bear market for the year 2018-2019, institutional activity diminished; However, investors were still accumulating at a slower pace while BTC was integrating. On the other hand, smaller investors gradually enter the decline.

Then the bull was running in 2020-2021, when BTC’s institutional adoption raised $ 69,000. IT technology revealed that ecstasy at that time was driven by the sizes of huge transactions in the range> million dollars, indicating that the market witnessed great interest from the top players.

A greater growth space

After crashing in 2022, BTC was unified about $ 20,000. Adult investors were still accumulating; However, the sizes of transactions are hovering under the peaks seen in 2020 and 2021.

Data analysis in the current session, IT technology has noticed the emergence of a new activity in low-value transactions, that is, between $ 0-1 dollars and $ 100-1000 dollars. The smaller BTC investors are now increasingly active, highlighting a season of retail fear of his loss (FOMO).

While small investors continue to participate in the market, the circulation of the largest transactions has not yet reached levels in previous bulls. Technology said this indicates that whales and institutions are still quietly accumulating BTC. This also means that the market has not yet seen the joyful stage of this bull cycle.

According to IT technology, explosive growth in a range> million dollars can indicate the beginning of euphoria in the market. Until this happens, the current level of accumulation indicates that the market still has a room for growth.

However, the series’s analyst insists that medium-sized transactions ($ 1,000 -10,000 dollars) are no less important in this session because the increase in this range often comes before the wider market gathering.