Longread: Thoughts on the Market 📊
Let’s break it down! 👨💻
Looking back at the start of 2K24, many understood that a grueling game of cat and mouse and a pre-election race was about to begin.
At that point, we had already been dealing with a half-year-long sideways market, where some traders were either wiped out or severely battered.
The only triggers and fresh bursts of euphoria came from ETF launches and the potential victory of Trump, who had already started “flirting” with the entire crypto community to garner support from degens and funding from crypto enthusiasts.
The result: almost the entire alt market has returned to the point from which it started its decline in March 2K24. Meme launches, liquidity drained into useless noise, and thousands of positive promises…
At this point, the total market capitalization of crypto barely exceeded the previous highs, but BTC had a +35% increase from the ATH of the previous cycle, while the other part of the market (alts) has essentially frozen, not even budging...
Trump started his term by fulfilling his obligations and some of his promises: securing the borders and initiating trade wars with direct competitors for global dominance and those he wants to subjugate and absorb. It’s important to understand that this is completely normal! A new president must act aggressively and effectively to make a change in the country! After all, Trump is primarily a businessman and makes deals.
Any news is essentially a negotiation, with an agreement behind it. Markets react sharply to his statements because they don’t know what to expect next, for example, tariffs on goods that will impact a massive consumer sector…
But, essentially, this shouldn’t concern us too much! Right now, the only thing that matters is the strategic BTC reserve and the overall crypto reserve. This will determine the future development of the industry.
Look at the market “honestly”—it’s a kind of bubble that gets inflated and deflated every cycle—just like in previous cycles.
Think, analyze! We’ll discuss the charts in the evening!
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