The latest pump brought euphoria back to the timeline, but it also split the room. Some are calling it the last bounce before we bleed.
Others say we’re just getting started.
Honestly? It feels like both sides have a point.
ETH/BTC reversal was the first sign — $ETH showed strength before the ETF narrative even picked up steam. Add in a cooler CPI print, and suddenly macro and crypto were aligned for once.
But here’s the nuance: we’re not in the beginning of the bull cycle.
It never really ended.
Since last year’s $BTC ATH, institutions have been accumulating, ETFs have started pulling serious flows, and liquidity is slowly rotating back from TradFi. This isn’t 2021-style retail mania, it’s something more structural.
If you look at global liquidity, we’re clearly up from the lows. If you look at central banks, we’re not in full easing mode yet, but the tone is shifting.
And geopolitics? It’s messy. But capital always finds yield and right now crypto is one of the few places offering asymmetric upside.
The $ETH setup looks especially strong: potential $ETH ETF with staking, burn pressure from Pectra, and finally some UX improvements that make the chain usable beyond just DeFi natives.
I’m not betting on an instant parabolic move, but I do think the next 6–9 months are where positioning matters most. So I’m staying 50% in: $BTC, $ETH, $SOL as my core; the rest in a handful of high-conviction alts. And I’m skipping low caps for now — liquidity just isn’t there yet.
If this is the beginning of a true expansion phase, we’ll have time to rotate later.
