This Bull Run is over; Next won’t happen until new narrative arrives

The new report of 10K research suggests that it is too early to buy a decline, because Bitcoin would go to about $ 73,000 soon. The next bull ride will require a new narrative, according to Markus Thielen, General Director and the main analyst at 10K research.

10K Sets a significant piece of blame to drop crypto in the market on Trump politics and collapse memecoins:

“Many retail investors are now holding a portfolio packaging of Meme coins, most of which are a slow march to zero, and Trump leading the way to failure, such as a wider market under the so-called crypt.”

Memecoin Bubble

The report was published on 11. Marta 2025. years. According to him, but another speculative bladder has broken. In 2021. It was an NFT / Defi Bubble. This time it is a Memory Bubble. Ethereum is no longer used for memecoins, while the coins are solan-based and pumps in severe decline.

Burmula Memory Bullual has affected the other cryptic market. One of the oldest and most popular memecoins, Dogecoin, lost 33% of its price in February. Memecoin market bleeds and undermined the bitcoin’s position. According to the report, “this structural decline indicates a weakened basis, making now a caution time – not complacency. Bitcoin (Btc) It is constantly moving towards 73,000 dollars. If the history is any guide, the next main move will require a new narrative. ”

It is interesting that the Fall of BTC took place in the middle of a long-awaited hug of Krupto’s white house until the gold price hit new heights in the middle of amazingly crypto-bull’s titles.

The market will continue to decline

12. Marta 2025. year, Thielen appeared on the wolf of all youtube stream streets, consideration His report with Host Scott Melker. Although the crypto market has already passed through a serious decline, especially when it comes to memecoins, Thielen says the prices will continue to decline.

CRIPTO ETFS is constantly sold. At the same time, Donald Trump threaten Canada will increase tariffs on automatic imports 2. April, which creates a sense of chaos and disorientation among merchants. He sets expectations for April, but today the traders leave. More than that, Thielen said the new reductions in Fed are not expected until the summer. This further stretches the period of insecurity.

That is why the price of Bitcoin will continue to become lower. Speaking of a level that can be considered the right diploma, Thielen said he bought BTC because it falls to $ 73,000.

News doesn’t drive Bitcoin

During YouTube’s stream, Scott Melker noticed that the price did not go despite a lot of good news. He states recently reintroduction of Lummis’s account, which calls the United States to buy a million bitcoin in five years. The bill entered the Congress. Melker says such news will definitely send Bitcoin. However, what we see these days is a pretty lukewarm reaction.

On top of the news Lummis Bill, Melker mentioned that the Dec was rejected by one case against the CRIPTO company for the second and overall crupto regulations as good news that, for some reason, it is not driven by the market. Melker called deafness news on the market characteristic of the bear phase.

All in all, releasing after the inauguration of Bitcoin was far from hesitation, contrary to what it looks because of the news. Melker has provided a chart showing that Bitcoin fell 25%, and Bithoin fell 25% and ether lost 46% of its value. Many other funds were also declining. The only two winners are gold (with 7%) and European actions at 10%. This can be felt in contrast to what the CRIPTO merchant reads in the news.

Thielen claimed that Bitcoin’s reserves could be disappointing for crypto merchants, because Lummis told the Bitcoin’s strategic reserve for the first time last year, and since then, the United States had not yet purchased Bitcoins. Thielen stated the executive order of Bitcoin booked order that signed Trump earlier this month as “renaming seized bitcoin”. According to Thielen, the public needs “evidence” that something was done several months after Lummis said about the bill. That’s why the news can’t catch fire.

Thielen said the positive reaction was on news If February CPI reached 2.8% against 2.9%, as expected, it is too optimistic because the CPI is above 2.0% remain high.

All in all, Thielen is not suspected that Bitcoin will recover over time, but as mentioned in the report, it will not happen to new strong narrative hits.