Brothers, a pretty reliable analyst said a big truth: Bitcoin hasn't reached the 'crazy everyone' super bull market phase yet, but it might just be a shiver away from that state!
What does this really mean? Let's break it down:
'What does 'not yet extremely optimistic' mean?'
The market is 'not crazy' yet.
What does a real bull market look like? —— Everyone on the street is talking about Bitcoin, even my uncle who never traded stocks is asking how to buy coins, the chat groups are filled with 'get rich overnight' screenshots, and trending topics daily are 'Bitcoin breaks XX thousand'...
What about now? Although it has risen, most people are still observing or half-believing; the chat in groups hasn’t filled up enough to flood the screen, indicating that market sentiment is still relatively 'calm' (at least not crazy).
'Why could the situation change quickly?'
Because the 'accelerator' has already been pressed down! Several key signals indicate that a bull market could come at any moment:
Institutional money is like water being released from a dam: Bitcoin ETFs from giants like BlackRock and Fidelity (which help ordinary people buy Bitcoin) have been crazily gathering funds recently! Just last week, they absorbed over a billion dollars! This money is definitely going to buy coins, not just empty talk.
The Fed is about to 'release candy': It's almost certain that there will be a rate cut in September! Once interest rates drop, the money in banks won't be appealing, and everyone will look for more profitable places. History shows that Bitcoin tends to spike around the time of rate cuts.
'Fuel' is piling up high: Bitcoin waiting to crash in the exchanges, and those 'stop-loss orders' (automatically selling when the price hits a certain point) set above key prices, all of these are potential 'upward fuel'. As long as the price breaks through key levels, it can trigger short-covering and stop-loss selling (automatic selling turns into buying at a higher price), pushing the price up like a rocket booster!
Whales are holding back big moves: On-chain data shows some large wallets are quietly accumulating coins or pulling coins from exchanges; these actions are usually not in vain.
What insight does this have for us ordinary people?
Don't panic, there’s still a chance to get on board! Since we haven't reached the 'extremely crazy' peak, it indicates that we might not be in the final sprint phase yet. Finding a suitable pullback position (for example, dropping to a certain support level) still presents opportunities.
Keep an eye on the 'starting gun'! Focus on several signals:
Can Bitcoin firmly stand above its historical high? Once it effectively breaks through, technical analysts and quantitative funds will rush in.
Are institutions gathering funds faster? ETF inflow data is a barometer.
Is the Fed's rate cut in September really happening? This is the biggest policy catalyst.
Don't be lulled by 'not crazy'! 'The situation could change quickly' is the core! The cryptocurrency market can turn faster than flipping a page; it might be 'calm' this week, but next week a major announcement (like Ethereum ETF suddenly being approved) or a price breaking a key level could instantly ignite emotions!
Iron Eagle summary:
What the analyst said is like an experienced driver reminding: The engine of this 'bull car' (Bitcoin) has already revved up (institutional buying, rate cut expectations), the fuel is also full, but the driver (market sentiment) hasn't fully pressed the accelerator to the maximum speed (crazy everyone).
This means:
The opportunity is still there: the car hasn't accelerated to 200 km/h, you still have a chance to find a good spot to get on.
Danger lurking: The accelerator has been pressed down hard, and it could take off at any moment! If you're leisurely watching from the roadside, in the blink of an eye, the car might just be gone (beginning of a surge).
Watch the road signs: Are there any toll booths ahead (previous high resistance points)? Are there gas stations (institutions continuously buying)? These determine how fast and how far the car can go!
So brothers, buckle up, keep an eye on the road conditions (key data and events), and don't get thrown off when the car just starts to speed up! The real 'extreme optimism' might just be around the next corner!
Still holding on alone? Focus on the Iron Eagle nuclear energy team injection! It only activates the infinite potential of ambitious lunatics!