5 Things Every Crypto Trader Should Expect in a Bull Market

by | Nov 30, 2024 | Crypto Trading, Reviews | 0 comments

The signs are clear everywhere: we have officially entered the early stages of a crypto bull market!

With BTC breaking its all-time high (ATH) daily and legacy coins rocketing toward their previous ATH, something big is certainly about to happen.

The market is brimming with positive sentiment. But the question is: Are you ready for what could be the wildest crypto bull run in history?

In this post, I’ll share 5 things that happen in a bull market every crypto trader can’t ignore.


The Bull Market Playbook: 5 Things to Watch Out For

1. Market Pump: Bullish Streak of Green Candles

Bullish Streak of Green Candles

It’s common knowledge that a bull run is when crypto asset prices soar in a frenzied manner, driven by steady and explosive gains.

Already, you can see the impact on prices, with Bitcoin constantly reaching new ATH, the latest being $99,588 at the time of writing—almost a $100K Bitcoin.

Altcoins are also trending up, with some already surpassing their ATH.

The recent shockwave in the market was the sudden resurgence of legacy tokens, notably Sandbox and XLM, with XLM delivering an eye-popping 450% gain in just two weeks. A scenario described as, “We are so back, guys.”

But what drives these gains?

Now, over the past two years of a bearish market marked by price drops, speculation grew that the next crypto bull season would occur in 2024–2025, a prediction even endorsed by CZ Binance.

If you’re new to crypto, you might wonder why this forecast holds weight.

The answer lies in Bitcoin halving—a key event that reduces Bitcoin’s supply. Learn more here.

Historically, Bitcoin halvings have triggered bull markets, followed by additional catalysts that drive crypto prices to soaring levels.

Uniquely, the 2024 halving saw Bitcoin hit an ATH of $74,000 even before the event.

Other catalysts fueling this uptrend include the launch of crypto ETFs and Donald Trump’s win.

These developments have propelled the market upward, creating a streak of green candles as prices continue to rally.


2. Coin Battle: Chains Compete to Climb to the Top

Chains Compete to Climb to the Top during a crypto bull market

Much like BNB Chain did during the previous bull market, blockchains will compete to secure higher positions on the blockchain leaderboard.

This could lead to lower-ranked blockchain gaining dominance over previously top-ranked ones as they all compete for TVL, market share, and fame.

Let’s look at a previous event!

During the last bull run, BNB rose from a low-ranked coin to become the third-largest cryptocurrency, with its price skyrocketing from under $20 to a peak of over $600.

Thanks to an aggressive coin burn mechanism and the DeFi boom, which attracted significant attention to the BNB Chain for its low fees.

Others were newer chains, such as Polkadot, Fantom, and the now-defunct Terra (LUNA), which gained traction and thrived over existing blockchains due to their appeal at the time.

The current bull run raises key questions: Will Solana surpass Ethereum? Will Sui overtake BNB?

And are there newer blockchains poised to dethrone established ones on the leaderboard? Fingers crossed.


3. Institutional Money Flows Into Crypto

 Institutional Money Flows Into Crypto during a Crypto Bull Market

Bull seasons often see massive inflows of funds into crypto, driven by institutional investments.

In the last bull season, for instance, it wasn’t just retail traders—institutions, with their large capital, became the main force behind the price rally.

Many publicly traded companies, hedge funds, banks, and smaller firms invested heavily in crypto, with some adopting Bitcoin as their primary reserve asset.

Notable examples include the investments by MicroStrategy, Elon Musk, and Tesla.

MicroStrategy acquired 71,079 BTC worth over $3B during the last bull run and has since amassed 214,400 BTC, valued at $14.8B—over 1% of the total Bitcoin supply.

Things went wild when Elon Musk, inspired by MicroStrategy, invested $1.5B in Bitcoin and announced Tesla would accept it as payment, driving BTC to new heights. What a move!

What to expect this season? Institutional investments are set to flow into crypto ETFs.

If you’ve been following the news, you’ve likely noticed how the market surges each time there’s an inflow into ETFs.

One of the initial hurdles to institutional investment in crypto was the lack of regulation.

However, this narrative is shifting, as more institutional investors are expected to stay in for the long term, thanks to the emergence of crypto ETFs.

ETFs are subject to regulatory oversight, making them more safer for institutional investors.

Fortunately, the U.S. will have a pro-crypto president, Donald Trump, who has pledged to establish a favorable regulatory framework for the crypto market—potentially making it more appealing to businesses and institutions.


4. Wild Speculation Fuels Intense Volatility and FOMO

Wild Speculation Fuels Intense Volatility and FOMO in a Crypto Bull Market

A bull run is absolutely wild. Prices don’t just climb steadily—they explode, crash, and rebound, sometimes all in the same day.

Take the current market, for example. One moment, Bitcoin’s up to $99,000; the next, it’s down to $90,000, only to surge again.

This intense volatility often breaks traditional technical analysis.The charts and indicators analysts rely on?

They frequently become ineffective as the market deviates from established patterns, driven by intense emotions and rampant speculation.

Social media only amplifies the chaos. Speculation goes into overdrive as people share price predictions, breaking news and rumors.

While some of these predictions might hold truth, don’t let FOMO (fear of missing out) cloud your judgment.

FOMO pushes people to buy impulsively, just to avoid feeling left out—but this can lead to serious losses.

Instead, take a step back. Study the market and conduct thorough research before investing. A calculated entry point is always better than the one driven by emotion.


5. 100X Gem Coin Discoveries

100X Gem Coin Discoveries

The bull season is often described as a time when the market is ripe for discovering 100X gem coins,

New projects launch in droves to take advantage of the favorable market conditions.

Projects, both new and established, tap into market optimism to attract funds, build communities, and capture investor attention, boosting their token prices.

Tweets, threads, and influencers proclaiming a coin as the “next 100x” starts to fly around.

With such hypes coins with little more than hype behind them can skyrocket over 100X in value.

However, not all of these coins are destined to succeed, and many will ultimately fail.

Only the exceptional few that delivered good returns while still maintaining a healthy price action become the true gem coins


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Final Thoughts

Analysts predict this could be the longest crypto bull run ever. it’s going to be a wild ride!

Another trend during a bull run is the sharp rise in exchange token prices, as seen in the last bull cycle.

This isn’t surprising; exchange activities tend to increase during a bull run, as the demand for trading ramps up.

Higher trading volume results in more transaction fees for exchanges, which benefits exchange-native tokens. With that said, could this be the right moment to invest in exchange tokens? Well, do your own research.

Hope you enjoyed this article and gained great insights. If you’re new to crypto and feeling overwhelmed, don’t worry—you’re not alone!

Share the challenges you’re facing, and let us know how we can guide you toward success.

To the seasoned pros out there—did I miss any major bull  trends?  I’d love to hear your thoughts! Let’s keep the conversation alive in the comments.

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ABOUT ME

Paschaline Anagor
I am a passionate crypto enthusiast with over three years of experience in the crypto world. Sharing insights on crypto trading, Web3, DeFi, NFTs, and the latest crypto news. Subscribe to the blog to explore the world of digital currencies!