Will Bitcoin (BTC) and Altcoins See a Big Bullish Market, or Have We Already Seen the Peak? Analyst Responds!

The leading cryptocurrency Bitcoin (BTC) is racing from record to record in 2025, while Ethereum (ETH) and other altcoins are far from their previous ATHs.

While expectations continue that the bull rally in the market will persist, some analysts argue that the bull market may be over and that altcoins will not experience the expected explosive rally.

Matteo Greco, an analyst at the digital asset management company Fineqia, stated that the cryptocurrency market is in the late cycle phase and has not yet reached its peak.

Greco stated that the Bitcoin reserves on exchanges continue to decline, while the reserves of altcoins such as Ethereum and XRP have stabilized.

The analyst, who also analyzes stablecoin reserves in addition to Bitcoin and altcoin reserves, stated that stablecoin reserves are at their highest levels in many years.

At this point, the analyst noted that the reserve situation might indicate that investors are preparing to invest new capital and get ready for a rise instead of exiting the market.

Greco also revealed that the market value-realized value (MVRV) ratio of BTC is around 2.2, which is well below the historical peak of 3.7.

According to the analyst, this MVRV level indicates that the market is in the late cycle phase and has not yet reached its peak.

Cryptocurrency exchange Bitunix analysts also evaluated Bitcoin. At this point, the exchange analysts stated that the short-term support level for BTC is 105,000 dollars. If BTC holds above this level, the price may continue to rise.

*This is not investment advice.

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