[CryptoQuant: Signal of Long-Term BTC Holders Has Not Yet Appeared, Rally May Still Be in its Early Stages] According to Jinse Finance, CryptoQuant recently published a QuickTake commentary by crypto-dan, stating that historically, the percentage of BTC held across the entire network for more than 18 months first rises and then begins to decline, often followed by a strong upward surge. The article concludes that the market has entered a bull market cycle but is still in its early stages, and the aforementioned signal has not yet materialized. Therefore, optimism can be maintained regarding the potential and duration of the upward movement. Most people still lack investment interest in crypto assets, and even those who are interested are mostly on the sidelines. The market is not yet overheated, and the real upward trend may not have begun yet. The article does not provide specific figures, price targets, or time predictions, only a link to a chart showing the age range of BTC's realized market capitalization UTXO.