Second Phase of the Crypto Bull Market on the Horizon

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

The lead on-chain analyst, James Check at Glassnode, has predicted that the crypto bull market is on the verge of entering its second and final phase. This phase will be characterized by euphoric sentiments and significant price movements. Check mentioned in an interview with Cointelegraph that from the previous enthusiastic bull phase, which occurred before Bitcoin reached its all-time high in March, we are now transitioning into a more excited and optimistic phase. As interest in Bitcoin grows, volatility is expected to increase due to heightened demand in the market. Check believes that the price will continue to rise until there is enough supply to meet the demand. This current bull market, which has shown minimal corrections so far, is one of the strongest in Bitcoin's history. The market has been quick to provide support during downturns, indicating a positive trend. For further insights on what on-chain analysis reveals about the upcoming phase of the Bitcoin bull market, refer to the full interview video on our YouTube channel.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin Red Team Established to Tackle AI-Driven Security Threats

chest

The Bitcoin Red Team has been established to proactively identify AI-assisted security vulnerabilities in the Bitcoin ecosystem.

user avatarTando Nkube

TON Validators Prepare for Configuration Vote on New Collator Architecture

chest

TON validators are updating their node software and mytonctrl tooling for a configuration vote on a new collator architecture scheduled for August 21 at 0800 UTC.

user avatarKofi Adjeman

Aave's EMode: Efficiency and Risk in DeFi Lending

chest

Aave's EMode feature allows for efficient borrowing among correlated assets but also increases the risk of liquidation during market stress.

user avatarSatoshi Nakamura

Avalanche Surpasses $3 Billion in Tokenized Real-World Assets

chest

Avalanche's tokenized real-world asset value has surpassed $3 billion, marking a significant milestone in its development as a platform for institutional finance.

user avatarNguyen Van Long

Aave's Debt Concentration Raises Concerns Amid Ethereum Volatility

chest

Aave's debt profile shows that a small number of loan positions account for a significant portion of its total outstanding debt, raising concerns about risk concentration.

user avatarJesper Sørensen

Shift in Airdrop Strategy Reflects Changing Market Dynamics

chest

Optimism's decision to reallocate tokens indicates a shift away from broad airdrops towards more strategic ecosystem investments.

user avatarLucas Weissmann

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.