Bitcoin Bull Cycle in Late Phase as Profit-Taking Hits New Highs

The global cryptocurrency market has witnessed heightened volatility over the past 24 hours, with Bitcoin entering the late phase of its bull cycle as profit-taking spikes, while altcoins such as Solana and BNB record fresh momentum. Despite short-term sell pressure, analysts suggest that a new all-time high for Bitcoin may still be possible in the next two to three months.

Market Overview

According to Glassnode, Bitcoin has slipped to $112,372, down nearly 9% from its recent $124,000 peak, signaling heavy profit-taking. Still, short-term holders and new investors are aggressively accumulating, absorbing sell-side pressure from long-term holders. Meanwhile, Ethereum remains steady above $4,300, while Solana continues its bullish run with a sharp daily gain.

Whale activity is also noteworthy, with wallets holding between 10 and 10,000 BTC having added more than 56,000 coins in September, hinting at sustained institutional confidence.

• Bitcoin’s current cycle mirrors past late-stage bull markets (2015–2018 & 2018–2022).
• Profit-taking volumes are rising, but realized losses remain moderate.
• Short-term holders (STHs) added 159,098 BTC in September, offsetting long-term sell pressure.
• Market sentiment is cautious, but whales and exchange outflows suggest bullish undercurrents.

Top 5 Cryptocurrencies – 24H Update

The market shows mixed trends Bitcoin is cooling down after strong rallies, yet whales and retail accumulation signal confidence. Altcoins, especially Solana and BNB, continue to attract investor interest. Analysts caution that the current phase is a testing ground before a potential ATH breakout in the coming months.

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