Uncertainly Bullish State of the Market & What's New #3

From boring to uncertainly bullish market

The market is turning from boring to uncertainly bullish.

Since May, the crypto market has been rather boring. Prices are stagnant, airdrops are disappointing, and fatigue regarding infrastructure projects is evident (people no longer read technical threads), retail (not us but the buy-anything retail) is not here.

Crypto Twitter is now discussing politics more than crypto….

The market is still uncertain, but this uncertainty is bullish rather than bearish.

Let me explain what I mean.

The External Uncertainty

First, Ethereum ETFs are finally live, and the numbers are starting to come in.

On the first day, ETH ETFs achieved $1B in volume, which is 25% of the BTC ETFs' volume. Most analysts had expected ETH ETFs to fall between 10% to 20%, making this a bullish sign.