The reason? It's right there, but most miss it.
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In this article, I'll share key catalysts driving crypto.
There's been a ton of FUD around BTC lately (Germany sells, MtGox, ETF outflows).
But don't get distracted ➜ Major events are on the horizon.
Here are 10 market catalysts you should keep an eye on 👇
1/ $BTC price analysis
The price action has been volatile under the "Must Hold" level for the past few weeks.
But as we see, there's been a good bounce from this support, indicating potential signs of a reversal.
2/ Altcoins Market Cap | TOTAL3
Altcoins have successfully pivoted and reclaimed the significant $560B level.
They are showing strong price responsiveness amid the $BTC reversal.
3/ The German government has sold all its $BTC
Once selling is priced in, there's a floor on the downside and room for the price to rise.
Mt. Gox $BTC distribution is still on the horizon, but I believe it's mostly priced in too.
4/ Bitcoin ETF inflows remain strong
Recently, there have been over $400 million in daily inflows into BTC ETFs.
This indicates strong long-term interest from investors, even during market drawdowns.
5/ 98% of FTX customers will get 118% of their claims
But, it's not only about returning money in BTC or ETH ➜ customers will get $16B in cash.
And I expect most of these funds to flow back into BTC & alts.
6/ The US presidential election
Polymarket gives Trump a 67% chance of winning.
A Trump presidency is seen as positive for crypto, given his administration's support for the industry.
7/ Trump is set to speak at the Bitcoin Conference 2024 in Nashville soon.
The potential next US president has been a vocal supporter of $BTC and crypto for the past month.
It doesn't get more bullish for the market than this.
8/ Goldman Sachs announced its entry into the crypto market.
They plan to launch 3 tokenization projects with major clients by year-end.
These initiatives could boost the RWA sector alongside BlackRock and Fidelity.
9/ The Global Liquidity Cycle
Crypto correlates with shifts in global liquidity.
This metric tracks the assets of major central banks and FED reserves.
Now, we're in sync with a 65-month cycle.
This indicates a peak is likely in late 2025.
10/ Stablecoins Inflow
As a result of global liquidity, a key source of crypto-native liquidity is stablecoins.
Exchanges are seeing a significant inflow of stablecoins.
This increased liquidity can be used to purchase BTC or altcoins.
That's a wrap for now!
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