The crypto market is transitioning from the "enthusiastic bull" phase to the “euphoric bull” phase, explains lead on-chain analyst James Check in a latest Cointelegraph interview.
The crypto bull market is about to transition into its second and last phase, which will be characterized by euphoria and sharp price movements, according to James Check, lead on-chain analyst at Glassnode.
“We are transitioning from the enthusiastic bull, which is below the all-time high, generally speaking, into the euphoric bull,” he said in an exclusive interview with Cointelegraph.
According to Check, the enthusiastic bull phase started in October 2023 and concluded after Bitcoin (BTC) reached an all-time high earlier in March.
