🚨So called "Crypto experts" say it's game over for Bitcoin & altcoins.
But they're all missing something HUGE.
I just went through all the data.
What I found will shock you 💥
Let's start with $BTC Post-Halving Analysis
Many analysts see $BTC's post-halving consolidation as a normal phase.
Patience is likely needed BTC is up 3x since September, but how the market might move in the coming months.
Currently, we have 15 weeks of consolidation and a 13% decline from highs.
This chop is to be expected after a nearly 2x move from recent lows in January.
While it can feel frustrating and boring, this phase is a natural part of the process.
As you see, volatility is at low levels, which makes sense for a few reasons:
➢ Summer is a period of stagnation
➢ Uncertainty before the ETH ETF
➢ No clear narrative
But, it's often during these challenging times staying bullish can be most rewarding, and here's why,
👇👇
Technically, the current cycle is very similar to the 2017 and 2021 bull runs.
Now we are at the accumulation stage:
➢ In 2016 it lasted ≈4 months
➢ In 2020, ≈5 months
Once it breaks out from the accumulation stage, usually a parabolic move happens
Locally, it may seem to you that the cycle is over and you are being bombarded with bearish news:
➢ Germany sells $3B worth of BTC
➢ $900M outflows from BTC ETF
➢ CFTC jumptrading investigation
Such FUD is always created to make you doubt your investments
✅ FED Reserve Balance Sheet
The chart is bottoming after nearly 2 years of decline.
When the FED injects liquidity, it buys assets, adding them to its balance, and vice versa.
➢ Balance up: FED buys assets, adds liquidity
➢ Balance down: FED sells assets, removes liquidity
Keep an eye on the trends.
When the FED starts buying assets, it will inject more liquidity into TradFi.
Since crypto is closely tied to traditional markets, it will benefit from this increased liquidity as well
To understand how it works, let's look at the Stablecoin Index.
It indicates new capital coming into the crypto market.
And now, we are not even close to the amount of liquidity that was in the previous cycle.
More liquidity = more opportunities = more risk appetite
Let's see how VCs funded projects during the last bull run.
Historically, the most funding occurred in 2021 at the cycle's peak (≈$13B per quarter).
Currently, investments are 3-4 times lower.
Even with $BTC hitting new ATH, the market isn't at peak hype. When it is, we'll see a new ATH of invested money.
Another way to look at this correlation is by monitoring the Global Net Liquidity Index.
This indicator gathers major central banks' assets and FED reserves.
Currently, global liquidity is in consolidation, but things are going to change soon
Another catalyst is the US elections in Nov 2024.
Crypto is now a key part of politics, especially in the Trump vs. Biden race.
Trump even says he'll end Biden's war on crypto.
Such big support from the US Gov is a huge boost for the entire market
Altcoins
Now, let’s talk about altcoins and try to figure out when altseason might kick off.
If you are an altcoin holder: don't sell now, it may be your biggest mistake in this cycle.
Here are key factors why altcoins are likely to rise soon, and we’ll see altseason
BTC dominance
It represents the MCap of BTC as a percentage of the total crypto MCap.
Since April, this dominance has formed a range between 53.9% and 57%.
Once dominance starts to decline and breaks below this range, it will be an excellent signal for the upcoming altseason.
ETH ETF approval is on the horizon.
While the exact date remains a mystery, rumors suggest we could see approval as early as July.
This milestone could clarify altcoin trends and pave the way for more ETFs
SOL ETF will be the next.
3iQ Corporation has applied to launch a spot $SOL -ETF in Canada under the ticker QSOL.
The company has assets worth ~$1 billion.
Canada had spot ETFs for BTC and ETH even before the US had futures ETFs for both assets
While Top-10 coins outperform the rest of altcoins, let's look at OTHERS/BTC.
OTHERS represents the entire crypto market cap minus the top 10 — a true reflection of altcoins.
We're at the same spot as in Summer 2023, are you bullish enough
A similar situation occurred during the previous cycle.
During the COVID crash, we saw BTC drop by 63%, while many altcoins dropped by 80%.
This pain point became the best entry point for most coins
What i concluded is that no matter what happens next, there will be a lot of uncertainty, alot of crazy ups and down will be around, the best is to HODL no matter what comes next, eventually everything will move up, everything will go bullish, #dyor
#ZeusInCrypto #BitcoinByZeusInCrypto #altcoinsByZeusInCrypto
