{"id":612073,"date":"2024-06-08T10:00:08","date_gmt":"2024-06-08T10:00:08","guid":{"rendered":"https:\/\/ktsl888.com\/?p=612073"},"modified":"2024-06-11T07:02:58","modified_gmt":"2024-06-11T07:02:58","slug":"face-melting-bull-run-horizon","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/face-melting-bull-run-horizon\/","title":{"rendered":"Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon"},"content":{"rendered":"

Crypto analyst Lark Davis<\/span><\/a> recently predicted that <\/span>this bull run<\/span><\/a> could be more massive than most people imagine. He outlined why this <\/span>market cycle<\/span><\/a> could stand out from previous ones.\u00a0<\/span><\/p>\n

Why This Bull Run Will Be \u201cFace Melting\u201d<\/h2>\n

Davis mentioned in an X (formerly Twitter) <\/span>post<\/span><\/a> that crypto market participants are about to witness a \u201cface-melting bull run.\u201d He alluded to the influence of institutional investors as the reason why this bull run will stand out. For one, he noted how the <\/span>US Spot Bitcoin ETFs<\/span><\/a> already record hundreds of millions of daily inflows.\u00a0<\/span><\/p>\n

Related Reading: Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75<\/a><\/div>\n

Thanks to the impressive demand for these funds, Davis highlighted that <\/span>fund issuers<\/span><\/a> have purchased 56,150 BTC in the past 18 days of trading. He claims this amount of Bitcoin represents four months’ supply injected into the ecosystem by Bitcoin miners. These fund issuers aren\u2019t only the institutions buying up the flagship crypto.<\/span><\/p>\n

Davis also noted that companies like MicroStrategy, Block, and Semler Scientific have continued to accumulate Bitcoin. The analyst also claimed that wealth managers and pension funds worldwide are \u201clining up\u201d to invest in Bitcoin.\u00a0 Meanwhile, Davis also made reference to the <\/span>Spot Ethereum ETFs<\/span><\/a> and the massive impact they could have in this market cycle.\u00a0<\/span><\/p>\n

These Spot Ethereum ETFs are expected to see massive inflows once they begin trading. JPMorgan <\/span>predicts<\/span><\/a> these funds could witness $1 billion to $3 billion in inflows, and <\/span>crypto research firm K33 Research<\/span><\/a> predicts these funds could witness up to $4 billion in inflows in the first five months of trading.\u00a0<\/span><\/p>\n

Crypto analysts like <\/span>Michael Van de Poppe<\/span><\/a> have also expressed their bullishness on these Spot Ethereum ETFs, predicting that these funds could be the catalyst for a continuation of the bull run. Specifically, they <\/span>predict<\/span><\/a> that these Spot Ethereum ETFs could kickstart the altcoin season, with Ethereum and other altcoins experiencing major moves.\u00a0<\/span><\/p>\n

Other Factors That Could Postively Impact This Run<\/h2>\n

Following Davis\u2019 post, crypto analyst Patric <\/span>outlined<\/span><\/a> other factors that could positively impact this bull run. First, the analyst mentioned interest rate cuts and noted that Canada and Europe\u2019s Central Bank have already cut interest rates. He believes that the US will <\/span>likely follow suit<\/span><\/a> soon enough.\u00a0<\/span><\/p>\n

Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH<\/a><\/div>\n

Secondly, Patric noted that the Fed\u2019s treasury buyback program has started. This development, alongside the interest rate cuts, is expected to lead to <\/span>quantitative easing (QE),<\/span><\/a> which could boost investors’ confidence in investing in risk assets like Bitcoin and other cryptocurrencies. Lastly, the analyst noted that this is an election year, with the US Presidential election slated for November.\u00a0<\/span><\/p>\n

Republican Presidential candidate Donald Trump also provided a much-needed boost to the market by <\/span>affirming<\/span><\/a> his pro-crypto stance. Based on this, Standard Chartered Bank <\/span>predicts<\/span><\/a> that Bitcoin could rise to $150,000 this year if Trump wins.\u00a0\u00a0<\/span><\/p>\n

\"Crypto
Total market cap crashes | Source: Crypto Total Market Cap on TradingView.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto analyst Lark Davis recently predicted that this bull run could be more massive than most people imagine. He outlined why this market cycle could stand out from previous ones.\u00a0 Why This Bull Run Will Be \u201cFace Melting\u201d Davis mentioned in an X (formerly Twitter) post that crypto market participants are about to witness a \u201cface-melting bull run.\u201d He alluded to the influence of institutional investors as the reason why this bull run will stand out. For one, he noted how the US Spot Bitcoin ETFs already record hundreds of millions of daily inflows.\u00a0 Related Reading: Inverted Hammer Appears On The XRP Price Chart, Crypto Analyst Picks First Target Of $0.75 Thanks to the impressive demand for these funds, Davis highlighted that fund issuers have purchased 56,150 BTC in the past 18 days of trading. He claims this amount of Bitcoin represents four months’ supply injected into the ecosystem by Bitcoin miners. These fund issuers aren\u2019t only the institutions buying up the flagship crypto. Davis also noted that companies like MicroStrategy, Block, and Semler Scientific have continued to accumulate Bitcoin. The analyst also claimed that wealth managers and pension funds worldwide are \u201clining up\u201d to invest in Bitcoin.\u00a0 Meanwhile, Davis also made reference to the Spot Ethereum ETFs and the massive impact they could have in this market cycle.\u00a0 These Spot Ethereum ETFs are expected to see massive inflows once they begin trading. JPMorgan predicts these funds could witness $1 billion to $3 billion in inflows, and crypto research firm K33 Research predicts these funds could witness up to $4 billion in inflows in the first five months of trading.\u00a0 Crypto analysts like Michael Van de Poppe have also expressed their bullishness on these Spot Ethereum ETFs, predicting that these funds could be the catalyst for a continuation of the bull run. Specifically, they predict that these Spot Ethereum ETFs could kickstart the altcoin season, with Ethereum and other altcoins experiencing major moves.\u00a0 Other Factors That Could Postively Impact This Run Following Davis\u2019 post, crypto analyst Patric outlined other factors that could positively impact this bull run. First, the analyst mentioned interest rate cuts and noted that Canada and Europe\u2019s Central Bank have already cut interest rates. He believes that the US will likely follow suit soon enough.\u00a0 Related Reading: Bitcoin On The Verge As Global Liquidity Nears New $100 Million ATH Secondly, Patric noted that the Fed\u2019s treasury buyback program has started. This development, alongside the interest rate cuts, is expected to lead to quantitative easing (QE), which could boost investors’ confidence in investing in risk assets like Bitcoin and other cryptocurrencies. Lastly, the analyst noted that this is an election year, with the US Presidential election slated for November.\u00a0 Republican Presidential candidate Donald Trump also provided a much-needed boost to the market by affirming his pro-crypto stance. Based on this, Standard Chartered Bank predicts that Bitcoin could rise to $150,000 this year if Trump wins.\u00a0\u00a0 Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":612077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[134,138,142,89606,167,12672,5233,92522,6664,15561,26263,25757,10923,14690,1558,1564],"class_list":["post-612073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoin","tag-altcoin-news","tag-altcoins","tag-altcoins-news","tag-analyst","tag-bull-market","tag-bull-run","tag-bull-run-news","tag-crypto","tag-crypto-adoption","tag-crypto-analyst","tag-crypto-bull-run","tag-crypto-market","tag-crypto-news","tag-cryptocurrency","tag-cryptocurrency-market"],"acf":[],"yoast_head":"\nCrypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon<\/title>\n<meta name=\"description\" content=\"Crypto analyst Lark Davis recently 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon","url":"http:\/\/ktsl888.com\/news\/face-melting-bull-run-horizon\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/face-melting-bull-run-horizon\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/crypto-bull-run.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/crypto-bull-run.jpeg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoin","altcoin news","altcoins","altcoins news","analyst","bull market","bull run","bull run news","crypto","crypto adoption","crypto analyst","crypto bull run","crypto market","crypto news","cryptocurrency","cryptocurrency market"],"dateCreated":"2024-06-08T10:00:08Z","datePublished":"2024-06-08T10:00:08Z","dateModified":"2024-06-11T07:02:58Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Crypto Analyst Gives Reasons Why A Face-Melting Bull Run Is On The Horizon\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/face-melting-bull-run-horizon\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/face-melting-bull-run-horizon\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/crypto-bull-run.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/crypto-bull-run.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoin\",\"altcoin news\",\"altcoins\",\"altcoins news\",\"analyst\",\"bull market\",\"bull run\",\"bull run news\",\"crypto\",\"crypto adoption\",\"crypto analyst\",\"crypto bull run\",\"crypto market\",\"crypto news\",\"cryptocurrency\",\"cryptocurrency market\"],\"dateCreated\":\"2024-06-08T10:00:08Z\",\"datePublished\":\"2024-06-08T10:00:08Z\",\"dateModified\":\"2024-06-11T07:02:58Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/crypto-bull-run.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/612073"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=612073"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/612073\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/612077"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=612073"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=612073"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=612073"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}