- Reputed crypto analyst shares total crypto market update.
- He highlights many bullish signs across the crypto market charts.
- He concludes that the overall bullish structure remains intact for crypto.
Most crypto analysts remain bullish for the remained of the year, stating that the bull cycle is still far from over. Despite the brutal $20 billion single-day crypto market liquidation, analysts remain bullish, stating that the crash led to a total market reset. One reputed crypto analyst shares a total crypto market update, pointing to an overall bullish structure for the crypto market as a whole in Q4.
Reputed Crypto Analyst Shares Total Crypto Market Update
Two days ago, the crypto market experienced its greatest single-day market liquidation, with a total of $20 billion getting wiped out in one fell swoop. In detail, the price of BTC fell from $121,000 to $104,000 in under an hour, taking Ethereum and altcoin prices with it. As a result, the price of a few altcoins fell to zero, while most altcoin prices dumped between 50% and 90% within that same hour.
The aftermath of the dump left nearly all altcoin positions annihilated. Specifically, all leverages and longs got wiped out, and $3 billion is short positions got liquidated as well. Since then, the crypto market has seen a steady recovery within the market, leading to several assets reclaiming higher targets and making their way to the prices they were trading at before the dump occurred.
Most analysts have confirmed the dump to have been a textbook market manipulation tactic caused by Trump’s 100% tariff on China announcement. This is based on several BTC short trades being set up by new wallets before the announcement was made, suggesting insider trading and foul play. One analyst, however, says the dump was inevitable as the market was overbought and a reset was necessary for altseason to arrive.
Signs Point to Overall Bullish Crypto Market Structure
Presently, analysts are keeping a lookout for promising bullish signs across BTC and altcoin price charts to determine when and how the next pump will occur, and just how far these pumps will take altcoin prices. One analyst goes on to highlight a variety of bullish signals in his total crypto market cap update and concludes that the overall bull market structure remains intact.
As we can see from the post above, the analyst also shed light on the fact that the total market cap has retested support multiple times and continues to close successfully above it. Additionally, he states that most Federal Reserve officials agree on easing monetary policy and that more rate cuts are on the way. Also, since January 2025, gold is up 53%, silver 74%, and Bitcoin 23%. The analyst says that fund flows from gold and silver are likely to shift into Bitcoin and Ethereum soon, meaning that we will see a parabolic Q4 and urges traders not to get shaken out by manipulation dumps.