The post Here’s When Traders Can Expect Next Crypto Bull Run! appeared first on Coinpedia Fintech News
The Bitcoin market cycles display several unusual asymmetries. At the end of a bull market, investors tend to get overly optimistic, leading to a temporary parabolic price surge. When a bull market is nearing its end, rapid price growth poses a risk of bursting the speculative bubble, and it can be seen that the participants become greedy.
According to CryptoQuant’s CEO Ki Young Ju, the next Bitcoin parabolic bull run could be sparked by the transfer of USDC held by TradFi institutions to exchanges.
In his recent analysis, Ki Young Ju has just pointed out a new factor to watch out for to identify the next Bitcoin (BTC) parabolic bull run. Read on!
The expert tweeted that the bull run may begin if large amounts of the dollar-pegged stablecoin USD Coin (USDC) shall flood into the exchanges.
To wait out the market dip, investors have been stockpiling Bitcoin, according to the company’s CEO, who also observed that older Bitcoins now make up 74% of the total market cap.
Another on-chain statistic that indicates high investor trust is Bitcoin’s hash rate. According to data from YCharts, the bitcoin hash rate—a measure of the amount of computer power devoted to safeguarding the network—has increased by almost 90% in the last year.
The Bottom Line
In any case, the two phases of the market cycle share a fundamental trait: identifying their respective apexes and minima is limited to retrospect. Since most investors expect either greater increases or falls when prices are at their extremes, they never appear clear when they are first forming.