Bitcoin’s 700% rally to $124,500 suggests a market top in 2-3 months. Supply in profit for 273 days points to a potential cycle peak. Risk of dropping to $90,000-$100,000 if $110,000 support is lost. Market late in cycle. Analysts predict peak in mid-September/mid-October 2025. Bulls must defend $110,000-$112,000 zone.

Read more at Cointelegraph: Is Bitcoin’s Bull Market Ending? Onchain Data Says Yes