Data from the Bitcoin Halving Cycle Tracker on Binance shows that the market has currently reached approximately 662 days after the halving, a stage that historically falls around the midpoint of the cycle. This indicates that the market has moved beyond the initial post-halving surge and has begun entering a phase of balance and gradual structural building.
The Cycle Position indicator records a reading of approximately 0.453, suggesting that the cycle has not yet reached its final stages and remains within the mid-phase. At the same time, the Growth Ratio stands at around 1.055, reflecting positive but moderate growth, far from excessive expansion.
Meanwhile, the Z-Score, at approximately -1.64, indicates that the market is trading below its statistical average. This condition is often observed during consolidation or correction phases, where selling pressure tends to be relatively elevated.
Overall, these readings suggest that the market is undergoing a phase of rebalancing and accumulation within the current cycle, with the broader cyclical structure remaining intact. Additionally, the decline in relative volatility and the stability of the 30-day moving average support the idea that the market is building a new structural base. Historically, such phases often precede larger expansionary moves as momentum gradually improves and liquidity returns to the market.
Written by Arab Chain
