CryptoQuant: The second half of the bull market has just begun

ChainCatcher message, CryptoQuant posted on platform X: "To predict the peak of a bull market, the influx of small whales and ordinary investors is more important than that of large whales.

The chart below shows the realized market cap of Bitcoin in the range of 10 to 100, representing the expected capital inflow from small whales and retail investors. The chart indicates a steady increase in the early stages of the rising cycle, but a sharp rise from the mid to late stages, which will end after a strong surge in Bitcoin.

Since 2024, the inflow of funds from small whales and ordinary investors has begun to increase rapidly, and the second half of the bull market has just started, with potential for additional capital inflow and a strong rise in Bitcoin in the future."