When is the new growth phase? 

We wrote a lot about the fact that the crypto market develops cyclically. And although the cryptocurrency seems to be very volatile, and its cycles are chaotic, there is a logic in its development (the words of analysts from a large a16z fund).

Graphs are devoid of emotion and difficult to manipulate. Look at the statistics of active bitcoin addresses. The second wave almost completely copies the first. Now look what happened after reaching the bottom in the first case... 

The most interesting thing is that right now, while blood is flowing in the markets, an increase in the number of wallets with amounts from 1 to 10 BTC is recorded in the blockchain. 

Everyone will draw their own conclusions.