Hello, Inspired hustlers!
In this newsletter, we'll talk about the ongoing debate about how long the current bull run in the crypto market will last. Some people think it'll keep going, while others say it might end soon. We'll look into this debate and give you some easy-to-understand insights to help you navigate the crypto world.
Let's get started! 🚀
Different Ideas Clash
In the crypto world, people disagree about when the current bull run will end.
Group 1: Many think it will keep going until 2025, following a pattern every four years.
Group 2: Some influencers now say it will end in 2 or 3 months. This idea is getting popular.
A Surprise Twist: Get Ready for Anything
Imagine this: the market does something unexpected that surprises both groups.
Prices go up really fast until the middle of summer.
Suddenly, there's a big drop. Group 2 thinks it's the end and sells their coins.
But then, prices go up again, and Group 2 buys back in, agreeing with Group 1.
Just before the US elections, the market suddenly crashes, and both groups lose.
Then, everyone realizes they've lost money because they didn't see it coming.
Why Am I Telling You This?
Here's the main point:
Keep yourself up to date. Plan and Don't Try to Guess.
Trying to guess when the market will change is risky and often leads to losing money.
What Can You Do?
Start slowly taking money out of the market when you see certain signs. And don't worry too much.
and if you don’t know what those signs are - don’t worry!
We will keep you updated - Join our discord so that you know when to exit the market
Stay open-minded because anything can happen in the crypto world.
In Conclusion:
As I always say, this time could change your life. Let's not mess it up.
BTC ETFs: Inflows Bounce Back After Sell-Offs
Last week, Bitcoin ETFs faced five days of sell-offs, losing a total of $888 million. Institutional investors took a blow. But the new week brings good news, with BTC ETFs seeing a comeback, attracting millions in net inflows.
Source: @BitMexResearch
Why It Matters: The link between BTC ETF flows and Bitcoin's price is clear. Inflows usually lift BTC's price, with $11.2 billion in total inflows since ETF launch coinciding with a strong 52% price surge. Conversely, outflows, like last week's, put pressure on BTC's price, seen in the recent 8% drop.
Grayscale's Push for ETH ETF Approval
With BTC ETFs leading the way, focus shifts to Ethereum ETFs (ETH ETFs). Eric Balchunas suggests a 25% chance of approval, but Craig Salm, Grayscale's Chief Legal Officer, is more hopeful, predicting approval soon.
Source: @CraigSalm
Why It Matters: Approval of an ETH ETF could spark a significant rally in Ethereum, much like BTC ETFs did for Bitcoin. It could also boost interest in 'ETH-beta' investments, such as Ethereum Layer 2 solutions and ETH staking protocols.
In summary, ETF developments in the crypto space are vital, shaping the broader ecosystem with both challenges and opportunities. Keep an eye out for more updates. 🚀
As we wrap up, we hope our newsletter has helped you understand the ongoing debate about the crypto market's future. Remember, it's important to stay informed and make smart choices as you explore the world of cryptocurrency.
Whether you're new to crypto or an experienced investor, keep learning and staying open-minded. By doing this, you'll be ready to seize opportunities and handle challenges along the way.
Thanks for being part of our journey. Until next time, happy investing!
Zain from team inspired analyst
-Signing off!
Disclaimer: The content in this newsletter is for educational purposes only and should not be considered financial advice. Cryptocurrency trading involves risk, and past performance is not indicative of future results. Before making any financial decisions, conduct your research and consult with a qualified financial advisor. Use the content at your own discretion and risk. This is not financial advice.