Four Reasons Why the Bullfight is More Needed in the Crypto Bull Market

Negative news has rained down to weaken the Crypto Bull Market. Here, four data-backed reasons will be mentioned, why the Crypto Bull Market has a long way to go to stay in the Crypto Bull Market race.

1. The Stock-to-Flow (S2F) model was created as a simple way to evaluate rare commodities such as gold. The S2F model's predicted price is now the furthest away from the actual price it has ever been. Bitcoin is valued at US$ 86000 according to this estimate, whereas its current price is about US$ 34000. Price bottoms have been well predicted by this disparity. By 2025, the model forecasts that Bitcoin will be worth US$ 1000000 per coin.

2. Long-term investors are beginning to amass coins from ordinary traders who were spooked by the recent Bitcoin price collapse. The 'Supply Shock Ratio' is another element to consider. This is calculated by dividing the total coin supply by the number of coins accessible on exchanges. As currency availability on exchanges decreases in proportion to supply, supply shocks become more frequent.

3. China's recent ban on Bitcoin mining may have helped the currency's price decline during the previous month, but in the long run, China might emerge as the unlikely hero of the Bitcoin Bull Case.

4. In a single day, $1.3 billion worth of Ethereum, or 0.5 percent of the total Ethereum supply, leaves exchanges. This was one of the year's biggest single movements. When coins leave exchanges, it indicates that buyers have chosen to store them in cold storage or a personal wallet. Buyers have no intention of selling their coins anytime soon and long-term demand is growing.

These four data-driven arguments demonstrate that the Crypto Bull market has many things to do yet.