Against the backdrop of Bitcoin's decline amid negative news from the Middle East, crypto enthusiasts have begun discussing the risks of the bull run ending.
Alexey Zyuzin, CEO of Crypro Summit, helped the BeInCrypto editorial team figure out whether investors should lock in profits right now or if there is hope for a resumption of the bull run.
The expert noted that Bitcoin is currently consolidating around $104,000–$105,000, but it is not gaining strength for a breakout; rather, it is holding its position. In the context of geopolitical tension related to potential disruptions in oil and liquefied gas supplies due to the Middle Eastern conflict, investors prefer to move into safe-haven assets such as gold. This is what we are currently observing.
«An ounce of gold has almost reached $3,450, a historical maximum. Bitcoin, on the other hand, has dropped, which proves that it is still perceived as a risky asset, rather than 'digital gold,' as it is often called,» our interlocutor noted.
At the same time, the expert pointed out that despite the difficulties, a massive sell-off has not occurred in the crypto market:
«Limited coin supply and reduced exchange activity (many hold BTC in cold wallets) support the price. This can be seen as a breather, not the end of the bull run.»
Alexey Zyuzin noted that the Bitcoin exchange rate depends not only on the geopolitical situation but also on macroeconomic indicators, such as the expected easing of monetary policy in the U.S. in the fall of 2025 and a possible increase in the money supply due to injections of freshly printed dollars into the economy. These factors generally favor further growth of Bitcoin in the medium term.
Therefore, our interlocutor is confident that it is too early to talk about the end of the bull run. What is happening in the market right now should be viewed as a 'breather.'
«Yes, the market has cooled, but the reasons for growth have not disappeared. Right now, investors are sitting tight, and in the coming weeks, much will depend on news — both from the conflict zone and from the financial markets,» our interlocutor concluded.
Recall that earlier BeInCrypto published an analysis of Bitcoin's position. Metrics indicate that the cryptocurrency is currently under pressure from miners and whales.