Analyst: Cyclical Indicator Shows Bitcoin is in the Late Bull Market Stage

BlockBeats News, August 24th, CryptoQuant analyst Axel Adler Jr posted, stating that "Bitcoin oscillated in a narrow range between $111,000 and $117,000 this week, with a 90-day return of +5%, indicating the market is in a consolidation phase."

Spot ETF Fund Flow (7 days): Net outflow of 2,400 BTC; 7-day average trading volume is 545,000 BTC/day, easing distribution pressure.

In terms of the macro environment, the Federal Reserve hinted at a possible rate cut, with declining yields providing support to the market, but still constrained by tariff and cost risks. The Index Market Phase cyclical indicator shows that Bitcoin is in the late bull market phase."