Bitcoin price has seen a lot of volatility recently. It spiked to an all-time high of around $124,533 but has now dropped to about $112,000 at the time of writing. That’s roughly a 10% decrease.
For Solana, the story is even tougher. SOL hit its ATH back in January at about $295, but today it trades near $183, close to a 40% drop. With these numbers, the big question which could be on the mind of every crypto investor is simple: Is the bull run finally over?
Bitcoin and Solana: What’s Really Happening?
A crypto analyst from KatDaddyKrypto, a YouTube channel, believes it’s too early to call the end of the bull cycle. Despite Bitcoin’s pullback and the sharp decline in Solana price, he points to market indicators that suggest the cycle still has room to run.
According to data shared by KatDaddyKrypto, none of the 30 historical cycle-top indicators tracked by Coinglass have triggered yet. These tools have historically been reliable in signaling when a true market peak has been reached.
The fact that zero have fired suggests that the BTC price and the broader crypto market may not be at the top.
This is key for traders watching both Bitcoin and Solana token price action. Yes, volatility is heavy, but the metrics don’t confirm a bear market.
Altcoin Season or Bear Market?
KatDaddyKrypto also highlights research from Coinbase suggesting an altcoin season could be closer than many think. Their outlook shows early signs of capital rotation from Bitcoin into other tokens, which may set up a full-scale altcoin season later this year.
If this plays out, coins like Solana could see strong momentum despite recent drops. Historically, altcoin rallies have followed Bitcoin strength, and with the BTC price still above $113,000, the cycle may still have energy left.
Of course, KatDaddyKrypto cautions viewers not to assume this cycle will last forever. Every cycle comes with voices claiming it will “extend longer than usual.” History shows that tops usually arrive in the year after a Bitcoin halving, often around Q4. If that pattern repeats, traders could still see another leg up before the market truly flips bearish.
Read Also: Will XRP Price Hit $10 This Bull Run?
Bitcoin price decline from $124,533 to $112,000 and Solana’s steep drop from $295 to $183 have shaken many investors. According to KatDaddyKrypto, the data doesn’t show that the bull run is over just yet.
With zero cycle-top indicators triggered and Coinbase signaling a potential altcoin season, the crypto market may still have surprises ahead.
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The post Bitcoin, Solana, and Wider Crypto Market Fall: Has the Bull Run Ended? appeared first on CaptainAltcoin.
