Skip to content
Buzz Blockchain
Menu
  • Home
  • Bitcoin
  • Ethereum
  • News
  • Currency
  • Blockchain
  • Interview
  • Press Release
Menu
4 reasons why we are in the early bull-run stage

4 reasons why we are in the early bull-run stage

Posted on August 17, 2020

How do we know we are in a bull run? Early 2017 did not show signs of what could occur by the end of 2017. However, bitcoin and the crypto ecosystem seems to be already in the bull run.

Bitcoin has, briefly, breached the $12,000 level, however, failed to sustain it. Regardless, the bullish feeling still remains for the whole of crypto. New projects are being launched and tokens are hitting new highs as well.

Unlike 2017, this time around there’s projects defi siphoning millions in the name of yield farming. Either way, millions are being poured into unaudited projects that promise yields of 1000% APY.

Google trends show ‘bitcoin’ keyword interest at a level higher than early 2017 and even late 2017. In fact, this level was seen twice since 2018 due to momentary bull runs during Jun 2018, June 2019, and February 2020. However, with the way things are looking, this level will be breached.

CoT report showed that the retail [yellow] is the most bullish with a long position worth 15K BTC. An interesting development is a decline in leveraged funds’ position aka hedge funds. The current short position by leveraged funds is at 6.7K BTC only.

This is proof that retail investors’ extreme bullishness. Adding to this is OI on CME for bitcoin futures, which has hit a new high at $864 million. This indicates that bitcoin is being actively speculated on.

Macro outlook shows that bitcoin has had two successful quarters with an average surge of 36%. Moreover, two consecutive quarters were last seen in 2017 and was followed up with the most explosive close of 210.13% surge in the last quarter.

DeFi
Defi is a huge tool in bringing back volatility to the cryptocurrency ecosystem, especially with the yield farming hype train. Perhaps, the first successful beginnings of yield farming can be attributed to Compound’s COMP token. Since then, there have been plenty yield farming projects and tokens, but the most hyped one is YAM without a doubt.

Yam project saw $350+ million worth of assets staked in the 24-30 hours of its launch, however, the project failed as the creator admitted. Yam token crashed violently and lost 90% of its value.

Although defi has been an extremely high-yielding sector, it is still in the experimental phase, and it’s better to stick with audited platforms.

Parallels can be drawn between defi and ICO. In 2017 bull run ICOs played a huge role in creating the frenzy and hype that allowed a downpour of capital, similarly, defi is also facilitating a huge influx of capital.

If that was not enough, the most recent development is the development of a meme coin [MEME] by the community that accrued a total value of $1.2 million.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Colle AI Streamlines Developer Access with Smarter NFT Deployment Features
  • Atua AI Expands Operational Efficiency Through Layered Automation Support
  • CyberCatsCoin (CYBCC) Set to Launch Presale – A Fresh Meme Coin with Real Utility
  • Realpump Launches No-Code Meme Coin Creation Platform on Solana
  • Mofse.com Reviewed: A Powerhouse for Crypto & Digital Asset Tracking and Strategic Insights
  • Imagen Network Enhances Social Logic Systems with Smarter Feed Mechanisms
  • FurGPT Extends Companion Frameworks for Responsive Web3 Gaming
  • Atua AI Optimizes Enterprise Support with Fine-Tuned Grok Cryptocurrency Integration
  • Mansa AI Expands Workflow Customization with Intelligent Agent Upgrades
  • AGII Builds Dynamic Automation Layers to Empower Web3 Frameworks
  • CoinACE Crypto Trading Simulator: 2025’s Best Risk‑Free Practice Platform
  • Colle AI Reinforces Bitcoin Integration to Strengthen Cross-Chain NFT Liquidity and Growth
  • Atua AI Elevates Developer Support With Scalable Workflow Upgrades
  • Never Miss a Move: Technical Ping’s Crypto Alerts Bot on Telegram
  • Atua AI Evolves DeepSeek Model Integration to Optimize Cross-Chain Enterprise Automation
  • Mansa AI Refines Developer Experience With Intelligent Low-Code Frameworks
  • The world’s first Web3.0 and RWA transaction computing power platform RealWorldBuy is about to be launched
  • Mansa AI Scales Smart Agent Deployment for Streamlined Web3 Productivity
  • AGII Launches Next-Gen AI Models to Enhance Decentralized Contract Intelligence
  • Five Billion (FBL) Token: Powering the Next Evolution in Gaming Rewards
  • Atua AI Expands Workflow Support Across Multichain AI Environments
  • Colle AI Builds on Bitcoin Integration to Strengthen Multichain NFT Systems
  • GPTFUSION – The Next 100x AI-Powered Token is in Presale + Giveaway Live!
  • Mansa AI Improves Enterprise Access With Scalable Automation Frameworks
  • Atua AI Boosts Bitcoin-Powered Architecture to Secure Scalable AI Operations
  • Atua AI Expands DeepSeek Model to Improve Multichain Workflow Accuracy
  • Mansa AI Launches Smart Workflow Tools for Low-Code Web3 Builders
  • From the Streets to Success: Former Bonnano Crime Family Capo Dominick Cicale Unveils Crypto Nostra—The Meme Coin with Mafia Swagger
  • Atua AI Refines Core Logic Systems for Smoother Enterprise Integration
  • Colle AI Strengthens Bitcoin-Powered Features to Fuel Cross-Chain Digital Asset Evolution
  • Atua AI Enhances Workflow Reliability With Strategic Platform Upgrades
  • Mansa AI Refines Builder Access to Expand Automation-Driven Productivity
  • The Future of Blockchain Is Inside Games: Polycat.io Founder Jeffrey Hinton Breaks Silence in First-Ever Interview
  • AGII Scales AI-Driven Logic Engines to Advance Predictive Web3 Execution
  • Mansa AI Unlocks New Capabilities in Custom Agent Development
©2025 Buzz Blockchain | Design: Newspaperly WordPress Theme