Been looking back at how those demand cycles played out last year. Noticed something interesting about the patterns CryptoQuant was tracking - around 62K BTC flowing in monthly back in Q4, which historically lines up with when things get spicy. The whale activity was pretty aggressive too, with large holders accumulating at a serious pace compared to previous years.

A lot of people were watching that $116K level as the key threshold for bitcoin price prediction 2025, thinking if we broke above that we'd see a real bull run kick in. The ETF buying was adding fuel too - picked up significantly in Q4 2024. The whole setup had that familiar feel of previous late-year rallies, where demand metrics and institutional moves lined up.

Looking at where we are now with BTC trading around $80.81K, the market cycles are doing their thing. Those demand signals matter more than the specific price targets sometimes - they show you when the big players are actually accumulating versus just talking about it. The Bull Score Index dynamics they were tracking back then still seem relevant for understanding when momentum shifts.