Recently, there has been a significant shift in the ratio of supply in profit versus supply in loss.

Historically, during the latter stages of a bear market, the percentage of coins in profit and loss tends to converge and often cross. As a new bull cycle begins, the two metrics start to diverge once again.

At present, market conditions are unfolding in a manner remarkably similar to previous post-bottom recovery phases observed in past cycles.

If this transition into a bullish cycle is confirmed, it would suggest that the traditional four-year market cycle remains intact and is repeating once again.

Human psychology does not change. As long as that remains true, the cyclical nature of markets appears to remain valid.

Written by Crypto Dan