Bitcoin’s 2025 journey hasn’t delivered the explosive bull market surge many expected. After peaking above $100,000, the 2025 Bitcoin price retraced sharply to as low as $75,000, sparking debate among investors and analysts about where we stand in the Bitcoin cycle. In this analysis, we cut through the noise, leveraging on-chain indicators and macro data to determine if the Bitcoin bull market remains intact or if a deeper Bitcoin correction looms in Q3 2025. Key metrics like MVRV Z-Score, Value Days Destroyed (VDD), and Bitcoin capital flows provide critical insights into the market’s next move.

Is Bitcoin’s 2025 Pullback Healthy or Bull Cycle End?

A strong starting…

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