Crypto Crash? Or Just the Bull Market’s Tease? 🚀💸

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Friday’s crypto market plunge may actually mark the early stages of a bull run, a crypto trader said. “I think there’s a very high chance this is the start of the bull market,” cried Alex Becker, as if the market were a beleaguered maiden awaiting rescue. 🦄💸

“Selling now? A folly of the first order,” declared the trader, as if the market were a grand ballroom and he the sole maestro of its fortunes. 🎭 Jan3 founder Samson Mow, ever the optimist, echoed, “It’s time for Bitcoin’s next leg up!”-a phrase that sounds suspiciously like a sales pitch for a particularly ambitious pyramid scheme. 🧠💣

Becker’s comments come after the crypto market wipeout on Friday eclipsed every previous downturn, as Bitcoin (BTC) plunged over 10% to $102,000 following Trump’s 100% tariff on China announcement. The $19.31 billion in liquidations, a sum that would make even the most seasoned investor weep into their champagne. 🥂

The crypto market wipeout “just reset everything”

The crash sent shockwaves through the global crypto community, but Becker called it a “massive overreaction,” saying that the significant wipeout “just reset everything.” One might wonder, what exactly was it resetting? The market’s sanity, perhaps? 🤔

Becker argued that traders had grown frustrated after Bitcoin rallied for a year while the rest of the crypto market lagged behind. “I think that’s about to change,” he said, as if the market were a misbehaving child who had finally learned its lesson. 🍼

“Everything they do to the market gets overreacted three to four times,” he said, adding, “because people won’t just fking wait a couple months to get the gains they need to get.” A sentiment so profound, it could be carved into a stone tablet. 📜

“Everything they do to the market gets overreacted three to four times, because people won’t just fking wait a couple months to get the gains they need to get.”

According to Becker, the sharp correction was partly driven by “all-time impatience” among investors over the past few weeks. “Impatience,” he said, as if the market were a child who had refused to wait for dessert. 🍩

Bitcoin’s price to climb in the short-term, says analyst

Bitcoin reached a new high of $125,100 on Monday but still falls short of the $250,000 year-end targets predicted earlier in the year by names like BitMEX co-founder Arthur Hayes and Unchained’s market research director Joe Burnett. “Targets,” one might say, are merely the market’s version of a mirage. 🌵

Crypto analyst Benjamin Cowen shares the same optimism as Becker. “I still think in the short-term it continues to climb,” he said, as if the market were a well-behaved dog on a leash. 🐶

Economist Timothy Peterson was more cautious, telling CryptoMoon on Sunday that Bitcoin will likely enter a three to four-week “cooling off period” before the asset resumes its rally. “But perhaps at a slower pace than before,” he said, as if the market were a fussy diner who refuses to order the main course. 🍽️

The wider industry is more skeptical, with The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posting an “Extreme Fear” score of 24 in its Sunday update. “Extreme Fear,” one might say, is the market’s way of saying, “I’m not sure, but I’ll pretend to be.” 🤷‍♂️

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2025-10-12 08:44