In a recent interview with Cointelegraph, James Check, the lead on-chain analyst at Glassnode, articulated that the crypto market is advancing from the "enthusiastic bull" phase to the final "euphoric bull" phase.

This shift indicates a transition into a period marked by heightened euphoria and notable price volatility.

Check specifies that the enthusiastic bull phase, which began in October 2023, has recently culminated following Bitcoin's (CRYPTO:BTC) achievement of a new all-time high earlier in March.

He posits that we're at the cusp of entering the euphoric stage of the crypto bull market, suggesting impending sharp price movements that could redefine market dynamics.