TSLA
Tesla
-- 444.070 NVDA
NVIDIA
-- 133.126 MU
Micron Technology
-- 86.938 AMD
Advanced Micro Devices
-- 120.865 QUBT
Quantum Computing
-- 18.150 
IS THIS THE END OF THE BULL MARKET FOR CRYPTO?
Hello, cryptonerd here and I have dived into many matrices and indicators to give you guys an answer.
Short answer, no we are still bullish. However, we must still stay vigiliant.
Here are my findings supporting my claims, took me quite some time and do follow me for more posts like this ![]()
Beside my pointers, I will say whether it is a bullish sentiment denoted by (Bullish) or a bearish sentiment denoted by (Bearish)
1. Price Trends (Bullish)
Bitcoin's performance --> $Bitcoin (BTC.CC)$ recently surpassed the $100,000 milestone, reaching an all-time high of $107,148 on December 16.
Altcoin Performance -->Ethereum is trading around $3,280 (significant growth this year). Other altcoins like SOL, XRP, ADA, XLM have also demonstrated impressive year-to-date gains.
Bitcoin's performance --> $Bitcoin (BTC.CC)$ recently surpassed the $100,000 milestone, reaching an all-time high of $107,148 on December 16.
Altcoin Performance -->Ethereum is trading around $3,280 (significant growth this year). Other altcoins like SOL, XRP, ADA, XLM have also demonstrated impressive year-to-date gains.
2. Trading Volume (Bullish)
High trading volumes across major exchanges indicate increased market participation and investor interest.
High trading volumes across major exchanges indicate increased market participation and investor interest.
As you can see, the trading volume for crypto is still significantly very high which is good for crypto investors.
3. Total Crypto Market Capitialisation (MIGHT be highly bearish)
As shown on the chart, there is a decline in the total market cap which basically means less money is put into cryptocurrencies.
HOWEVER, this may not mean that the bull run is over because:
1. From my findings, BTC dominance is on the rise while crypto market cap is on a decline. (Bitcoin's market dominance remains substantial, accounting for over 55% of the total cryptocurrency market capitalization as of December 10, 2024) This could mean that it is a Bitcoin-centric rally and not a full fledged bull run across the entire crypto market.
2. Seasonality. From historical evidence, December is a period of mixed performance as some investors rebalance portfolios or just exit positions and take profits.
3. Greed & Fear Index (Bullish)
Positive sentiment is prevalent, with increased discussions and optimism about cryptocurrencies on social media platforms.
Positive sentiment is prevalent, with increased discussions and optimism about cryptocurrencies on social media platforms.
Market is greedy, and to put it simply, bullish.
4. Institutional Involvement (Bullish)
Institutional investments have surged, with significant inflows into Bitcoin and Ethereum exchange-traded funds (ETFs). For instance, Bitcoin ETFs have accumulated over $104 billion in assets, reflecting sustained institutional appetite.
(Source: CryptoGlobe)
Institutional investments have surged, with significant inflows into Bitcoin and Ethereum exchange-traded funds (ETFs). For instance, Bitcoin ETFs have accumulated over $104 billion in assets, reflecting sustained institutional appetite.
(Source: CryptoGlobe)
5. On-Chain metrics (Bullish)
Metrics such as active addresses and network hash rates have shown growth.
The above indicates amazing network activity and miner confidence.
6. Increased adoption (Bullish)
The approval of multiple Bitcoin and Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) has facilitated greater access for institutional and retail investors, contributing to mainstream adoption.
(Source: Binance Research: Key Trends in Crypto)
The approval of multiple Bitcoin and Ethereum ETFs by the U.S. Securities and Exchange Commission (SEC) has facilitated greater access for institutional and retail investors, contributing to mainstream adoption.
(Source: Binance Research: Key Trends in Crypto)
7. Derivatives Market (Bullish)
The derivatives market shows high open interest and positive funding rates, indicating bullish sentiment among leveraged traders.
The derivatives market shows high open interest and positive funding rates, indicating bullish sentiment among leveraged traders.
There you go, my unbiased view on our current market. I will update more if I spot any abnormalies in the market so do follow me to not miss out on any. #cryptonerd
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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cryptonerd OP : Not financial advice but I would hold my cryptos till next year Feb
EZ_money cryptonerd OP : that's the typical cryptoid advice. could have sold around ATHs and bought the dip.
cryptonerd OP EZ_money : I have been buying the dip but you do you. Your money, not mine![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
102514703 : Who knows, Bitcoin has already been linked to US politics, who knows what game the US is playing, want to buy Bitcoin cheaply as a strategic reserve, if calculated at 0.2 million senators, Bitcoin dropped 0.013 thousand from the highest price, saving 2.6 billion, push it higher and earn it back, or it could just be political infighting.
EZ_money : keep scamming noobs it's the one way this shit works
cryptonerd OP EZ_money : Maybe if you educated yourself more, you would understand what I'm saying but once again, you do you, it's your money not mine![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
EZ_money 102514703 : it's not ever going to be a reserve you should probably drop that fake dream
EZ_money cryptonerd OP :
I been in and out of BTC before you ever heard of BTC it came out in long before trading on the NY exchange. you're are a con
cryptonerd OP EZ_money : Good for you! Hope you spend more time making more money instead of spreading hate tho![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
cryptonerd OP EZ_money : Will do, afterall its my money not yours![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Have a happy friday :)
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