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BTC Is Bitcoin's rise a harbinger of a new bull market?
Although Bitcoin has shown a strong recovery in the past two weeks, Wintermute, one of the largest market makers in the cryptocurrency field, assessed that current signals are not enough to assert that this trend marks the beginning of a new bull market.
Analysts at the company pointed out that price increases alone are not enough to support a continued bull cycle. They said that if a true bull market is to start and maintain, the cryptocurrency market needs a new and powerful channel of capital inflows.
According to analysts, in previous bull markets, initial coin offerings, stablecoins, spot bitcoin ETFs and institutional investments have played this role.
"Markets are waiting for a new catalyst to trigger the next bull market. For the cryptocurrency market to truly start and continue to rise strongly, it requires not only price increases, but also new and large-scale capital inflows."
New capital channels may come from real-world asset tokenization
Wintermute points out that narratives that emerged in previous cycles are now obsolete. They predict that the most important source of capital in the next crypto bull market may be real-world asset tokenization.
According to Wintermute analysts, the total value of real-world assets more than doubled in a year to more than $30 billion.
Against this background, analysts believe that if real-world asset markets continue to grow and accelerate the influx of traditional capital into the blockchain ecosystem, then the current rise in Bitcoin may evolve into a broader and more sustainable bull market.
* This document does not constitute investment advice.
