Bitcoin Market Insights

With Bitcoin’s (BTC) recent slowdown, market participants wonder if the price has reached its peak. Historical data, however, provides valuable insights into identifying potential market tops. On-chain analytics platform IntoTheBlock shared recent insights that attempted to answer whether the market peak is in, citing historical and stablecoin data.

Is the Market Peak In?

When looking at historical halving data, peaks often land 12–18 months post-halving, pointing to mid–late 2025. While institutional flows & regulations may reshape this cycle, it is likely there is more time in the current cycle.

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> — IntoTheBlock (@intotheblock) March 15, 2025

According to IntoTheBlock, when analyzing historical halving data, peaks usually follow 12-18 months post-halving, suggesting a potential peak in mid-to-late 2025. Although institutional flows and regulations could impact this cycle, the analysis indicates we may still have time left in the current cycle.

Stablecoin data also supports a similar narrative. In a March 14 tweet, IntoTheBlock noted that stablecoin supply peaks typically align with cycle highs, implying that the market peak might not be realized just yet.

In April 2022, supply peaked at $187 billion, coinciding with the start of the bear market. Currently, the supply stands at $219 billion and is still rising, indicating that the market is likely still mid-cycle.

Stablecoins are gaining traction amid market uncertainty, pushing their combined market cap to around $219 billion this week. This figure is roughly $10 billion shy of Ethereum’s market cap, a strong indicator of rising caution in the crypto market.

Bitcoin Price Action

Bitcoin faces persistent sell pressure, particularly from recent buyers. Since January, demand for the crypto asset has been weak and accumulation has faded.

Bitcoin dropped to a low of $76,555 on March 11, marking its lowest level since November 2024, which is approximately a 30% decrease from its all-time high of $109,114 set on January 20, 2025. This decline led to significant outflows from Bitcoin exchange-traded funds and massive liquidations of long positions in cryptocurrency futures markets. Traders expected Bitcoin to dip to $70,000 in late February.

Despite this, Bitcoin rebounded from the four-month low, rallying alongside other risky assets recovering from the recent global market turmoil. Bitcoin reached a high of $85,301 on Friday but faced resistance and retreated.

As of the latest updates, Bitcoin is down 1.69% in the past 24 hours, trading at $82,864, and has seen a 0.67% decline weekly. Current resistance is noted at the daily SMA 200 at $83,984.