After 14 months of brutal bear market conditions, data and other pieces of evidence are finally starting to accentuate that Bitcoin bulls are taking control of the BTC price wheel once again. In a recent Twitter thread, Ken Xuan, a researcher at Fundstrat, noted that while there remains a “fairly high level of skepticism and apathy towards [the] recent recovery in crypto prices,” evidence is mounting that bulls are back in control, and more importantly, are preparing to kickstart a large rally to new heights.
1/ Latest @fundstrat benchmark crypto indices out (free download https://t.co/ERYbWjCsdR ). Overall market down 4.4% last week. Best to worst:Stablecoin -0.8%Commodity -2FS 10 -3.5FS 300 -4.4FS Agg -4.4Exchange -7.4Platform -9Privacy -9.7FS 40 -10Eq Wt -10.5FS 250 -12% pic.twitter.com/bjx6ak5Odf