Crypto Expert Unveils 15 Surprising Truths About This Bull Run You Need To Know
In a thread on X, crypto researcher Alex Wacy (@wacy_time1) shared 15 eye-opening insights about the current bull cycle with his 183,000 followers. Wacys analysis covers a range of topics from Bitcoin dynamics to emerging technologies like AI and DePIN (Decentralized Physical Infrastructure Networks). Heres a detailed look at his revelations.
#1 Bitcoin Season Is Memecoin Season
When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices, Wacy observed. In contrast to the previous bull run, capital flows directly in the most high-risk sector of crypto. The surge in Bitcoins price tends to trigger a ripple effect in the memecoin market, leading to significant price appreciations for these tokens, leaving out more fundamentally strong altcoins.
#2 Long-Term Bitcoin Holders Are Selling Aggressively
Wacy highlighted a notable sell-off among long-term Bitcoin holders. They have already sold nearly 730,000 BTC over the month, he noted. Interestingly, US spot ETFs are absorbing about 90% of this selling pressure, playing a crucial role in stabilizing the market.
#3 Solana Above $500 May Be A RealityEven when the memecoin era comes to an end, AI and DePIN projects developers continue to opt for Solana, Wacy pointed out. With the massive attention on memecoins, AI, and DePIN narratives, Solana is still the leading ecosystem which will eventually push SOLs price above $500.
#4 Blockchain-Based AI Agents Are Still UndervaluedAI agents are already making their mark in the real world. However, AI built on blockchain offers greater decentralization and privacy, Wacy stated. He suggests that blockchain-based AI projects have untapped potential and are currently undervalued in the market.
#5 Ethereum Is Set to RiseEthereums open interest has surpassed its previous all-time high, exceeding $13 billiona growth of over 40% in the last four months. This surge indicates increased investor interest and could signal a significant upward movement in Ethereums price. Ethereum is set to rise, Wacy predicts.
#6 Most Ethereum Layer 2s Will FailWacy expresses skepticism about the proliferation of Ethereum Layer 2 solutions. The most promising L2s at the moment are Base and Mantle, he commented. He warned that unless the Ethereum Foundation develops a concept of L2 hubs, 90% of L2 chains might not survive the next bear cycle.
#7 Trendy Technologies Will SucceedAI, DePIN, and RWA are the future. At least thats how retail sees it, so keep an eye on these trends, Wacy advised. According to him, investors core capital should only be invested in these three most powerful narratives in the ongoing bull run.
#8 Non-Key Narratives Are Great For SpeculationWacy highlights the speculative potential in less mainstream sectors like Decentralized Science (DeSci). While it may be less popular, it has been and will continue to be well-pumped, he remarked, indicating opportunities for more high-risk averse investors.
#9 Quantum Crypto Is Gaining AttentionQuantum stocks have surged over 1000% in just one month, Wacy noted. He suggests that investors should monitor quantum-related crypto projects, as this sector may experience significant growth in the upcoming months.
#10 Exercise Caution With Market SentimentTake what people say here with a grain of salt. Theyre often too bearish during dumps and too bullish during pumps, Wacy warned. He recommends critical analysis of market sentiment indicators, which can be misleading during extreme market conditions.
#11 Timing Is Crucial For Offloading AltcoinsWhen you consider offloading your altcoins and everyone labels you an absolute idiot, thats your cue for the best moment to cash out, Wacy suggested. Contrarian strategies might offer optimal exit points for altcoin investors.
#12 Valuing Insights From Crypto Analyst CobieI think Cobie knows something a little more about this market than we do, Wacy said, referring to well-known crypto analyst Cobie (@cobie). He advises listening to Cobies who famously stated earlier in this crypto bull run that investors should focus 70% of their capital in cat themed memecoins, 20% in other animal memecoins and only 10% in all other coins for maximum profit.
#13 Traditional Market Rules Still ApplyEven though this cycle differs greatly from previous ones, altcoin growth remains heavily reliant on Bitcoin dominance, Wacy observed. Despite new market dynamics, Bitcoin continues to be the most important influence over the broader crypto market.
#14 Market Cycles Remain UnchangedThe market is a cycle. Today its memes, tomorrow its technology, and the day after, regulations. Cycles have never been canceled. Remember that, Wacy emphasized. Understanding the cyclical nature of markets can help investors navigate volatility.
#15 Strategic Investment ConsiderationsSome people might benefit more from seeking dips in alpha plays, rather than attempting to catch another risky beta play. Reflect on it, Wacy concluded. He encourages investors to focus on high-quality investments with strong fundamentals instead of chasing high-risk opportunities.
At press time, Bitcoin traded at $94,875.
Read more: https://www.newsbtc.com/news/crypto-expert-15-surprising-truths-this-bull-run/
Text source: NewsBTC
