đ„đ„Is the Crypto Market Coming to the End of the Bear Period? đ„đ„
Real Vision analyst Jamie Coutts suggests that Bitcoin and other crypto assets may be in the process of exiting the bear market. He states that Bitcoin regaining the $ 63,000 level may indicate that the market correction is over. Coutts states that the increase in global liquidity and the healthy structure of the crypto ecosystem indicate that the correction process is nearing the end before a bull run of about a year. However, he also emphasizes that his predictions may be premature, acknowledging that global geopolitical risks and some technical indicators are still in a downward trend.
Evaluating the significant increase in the altcoin season index, Coutts states that altcoins outperforming Bitcoin is a positive sign. However, he warns that this movement may be short-term without a sustainable Bitcoin rally and thinks that we are in the final stages of the downtrend. Emphasizing that the increase in money supply is paving the way for Bitcoin's next major rally, Coutts reminds us that historically there has been a strong relationship between these two factors. "Ultimately, liquidity drives everything, and it's definitely on the rise now," he says.
Coutts also cited data from the analytics platform Artemis, noting that smart contract platforms have shown strong network activity in the last six months. He says that the increase in daily active users and transaction numbers during the market correction period is a positive signal for crypto assets as we enter the fourth quarter.
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