DeFi Report: Early Bull Run Has Begun for Bitcoin
An analytics firm has declared that an early bull run for Bitcoin and cryptocurrencies has begun. The DeFi Report, which analyzes market cycles, believes the current structure is signaling a transition to the first phase of its four-phase cycle.
The platform notes several indicators that confirm this shift: Bitcoin establishing support around the 50-week moving average at approximately $80,000; rising Bitcoin dominance from its lows; the return of new users; increased DeFi incentives and marketing spending; and the launch of new projects. This period historically lasts about 9 to 12 months.
The 'wealth creation' phase is expected to follow, with a more pronounced rise in Bitcoin prices, increased interest from mainstream media, and accelerated influx of new investors. During this time, demand for DeFi loans, leverage usage, stablecoin supply, and on-chain activity will increase.