The encryption market no longer follows the same old pattern and is abandoning the encryption trader.
“The market is completely cooked.” Sykodelic, a pseudonym merchant, said on February 4 in the X post. They added that despite the move by the US government and President Donald Trump, the market continues to go back.
“It has lost any kind of rhythm or reason. This is very confusing for almost all investors.”
Encryption Trader Bitcoin therapist said in a February 4 post that “there is a terrible thing about the price of bitcoin in the market.”
“We easily rated $ 50k-$ 100K. There are too many things to be optimistic. There will be a violent guarantee. ”
Crypto Fear & Greed Index, which measures the overall market sentiment, scored 54 “neutral” scores on February 5 and “greed” scores from 72 points a day ago.
In the late 2024, even after a wide range of agreements between encryption analysts and merchants, Bitcoin’s dominance peaked in early 2025 with speculation of Trump’s election and the US making Bitcoin (BTC) reserve army. It was.
The capital was expected to turn to the Altcoin market and many people will see what they see as the beginning of “Altcoin Season”.
At the time of publication, Bitcoin Dominance predicted 61.47%, which would be 60%before the start of Altcoin Season, rather than the prediction of crypto analyst Benjamin Cowen.
Bitcoin dominance has increased 2.91% over the last seven days. source: TradingView
Despite Bitcoin’s inauguration of Trump on January 20, volatility has recently increased, despite the fact that Bitcoin reached more than $ 109,000. Macroeconomic events are often not explained by traders in predictions that rely on past achievements.
On February 3, as Trump’s new tariffs on Canada, Mexico and China increased, concerns about potential trade wars continued, followed by the “largest liquidation event in cryptocurrency history”.
According to the CoingLass data, more than 24 hours have been cleared within 24 hours, but some commentators suggest that this value can be $ 1 billion.
relevant: If the 2022 pattern is repeated, it may take more than two months to ‘full recovery’.
Trump later paused the planned tariffs between Canada and Mexico after negotiations, but Bitcoin continues to be traded below a psychological $ 100,000 price.
At the time of publication, it is traded at $ 97,925 according to CoinmarketCap.
Mn Capital founder Michaël Van de Poppe said on February 4 that the US government aimed at the “Golden Age of Encryption” in the X Post, “the market is expected to reach its peak.”
“Literally just started,” he added.
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This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.