Crypto News

The Euphoria Phase During a bull market, there are typically four phases: accumulation, markup, distribution, and markdown. The ‘euphoria' phase is the final stage of a bull market, characterized by extreme optimism and FOMO (fear of missing out) among investors. This is when prices reach unsustainable levels and are driven more by hype and speculation rather than fundamental value. In the past, this phase has often led to a sharp correction and the start of a bear market. The Equilibrium Phase The ‘equilibrium' phase is the calm before the storm, where prices stabilize after a period of sharp growth. This is when long-term holders of Bitcoin (known as ‘hodlers') are able to break even or make a profit on their initial investment. The level at which this occurs is known as the ‘cost basis' and can serve as a strong psychological support level for the market. Bitcoin's Recent Consolidation Over the past few weeks, Bitcoin has been trading around the $60,000 m...