Bitcoin’s Bull Run Hasn’t Even Begun? Sounds Crazy, But One Key Trigger Could Spark Parabolic Gains, Says Trader

Despite Bitcoin’s (CRYPTO: BTC) impressive climb from $16,000 to $110,000, some analysts believe the real bull market is yet to begin.

What Happened: In a detailed June 4 post on X, crypto trader Hoeem suggests the rally so far has been driven more by institutional flows than euphoric retail speculation, a hallmark of true crypto bull cycles.

Hoeem points to the absence of broad macro liquidity, which he believes is essential for explosive, retail-driven upside.

Drawing on research by Jesse Eckel, he references 11 “liquidity rings of power”, factors like rate cuts, quantitative easing, and fiscal stimulus, which were all active …

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