The cryptocurrency markets are experiencing a surprising slowdown at a time when global stock markets are hitting record highs and commodities are rising.
Renowned crypto analyst Ran Neuner, appearing on “The Wolf Of All Streets” with Scott Melker, discussed the current state and future of the market. According to Neuner, while the market is currently experiencing a great deal of “apathy,” it’s waiting for a single spark that could turn everything around.
Neuner attributes the current pessimism in the market to the sharp drop on October 10th. He notes that this event occurred late at night during a period of low liquidity, arguing that it was “not a natural market movement.”
He stated that this collapse liquidated individual investors, disconnecting them from the market and causing a serious case of post-traumatic stress disorder (PTSD).
Despite the overly negative sentiment in the market, Neuner argues that some technical indicators are promising:
Bitcoin has delivered a 100% return from October to October. Neuner called for a change of perspective, saying, “You can’t look at these numbers and say this isn’t a bull market.”
He noted that assets like Bitcoin and Ethereum have risen above the 50-day moving average (MA) on daily charts, and Coinbase’s premium has turned positive.
He reminded that the $101,000 and $107,000 levels (200-day MA) need to be surpassed for confirmation of a bull market.
Neuner argued that blockchain and cryptocurrencies are the only real solution for AI agents to transact with each other using a trustless and instant payment method.
Acknowledging that the market stagnation and low trading volume have discouraged investors, Neuner summarized his exit strategy with the following words:
“We need one big green candle to bring back individual investors. When Bitcoin reaches the $100,000-$120,000 range and altcoins pick up, the market screens will turn green and money will start flowing again with FOMO (fear of missing out).”
Experts, describing the current period as “the most tedious but the most critical phase,” warn that history may repeat itself. Neuner predicts that interest rate cuts and regulatory changes (such as the Clarity Act) may already be priced in, but the real catalyst that will trigger the market will be “an unexpected event.”
*This is not investment advice.