CryptoQuant: Bitcoin demand cycle is heading toward a low

Julio Moreno, head analyst at CryptoQuant, stated that the debate over Bitcoin's four-year cycle is ongoing. He noted that he had previously written on the topic before last year's halving, arguing that the key to the cycle is not the halving event or price performance, but rather the wave of increasing demand. Moreno believes the cycle has already passed its peak and is now descending toward a low point.