The Calm Before the Storm?
Something's Brewing.
Welcome back Crypto Crib fam, it’s been a fairly quiet week in terms of price action.
What typically follows this level of stagnation are huge levels of volatility.
To the upside or downside remains to be seen, but let’s dive in and see if we can work out what comes next.
The week started incredibly bullish, with Cathie Wood’s ARK Invest purchasing $15.2M worth of Coinbase COIN 0.00%↑ , Goldman Sachs saying "The macro setup for 2026 is quite good." & Solana TX activity hitting a new ATH!
What’s also been great to see this week is the performance of Alts against their $BTC pairings.
And if we look strictly at Total3 / USD in their logarithmic trend, if history is anything to go by, they could be gearing up for another move higher.
The CFTC Chair also came out & said “The Crypto market structure bill is on the cusp of becoming law.” While this is incredibly positive, these things have a tendency to take their time, so while optimistic, it is also important to remain grounded & understand that this doesn’t mean instant pumps.
But something worth noting at this point is that Bitcoin’s ‘Bull / Bear Market Cycle Indicator’ has hit its LOWEST point since the FTX collapse.
While not a perfect ‘Bottom’ indicator, it certainly highlights just how oversold we are & some relief could be coming sooner than most anticipate.
One man who’s not fazed by current price action is Tom Lee, on Wednesday he was back at it, with Bitmine purchasing an ADDITIONAL 35,000 $ETH ($69.37M).
What’s also been great to see, is the amount of liquidity injected into the system from the FED via T-Bill purchases, to the tune of $16 BILLION!!
The CME Group are launching 24/7 crypto futures and options trading - Starting 2nd May & all of this is coinciding with Fear & Greed at a level that has previously marked major reversals.
Whatever your stance is at the moment, bullish or bearish, one thing this week has shown is that the industry is going from strength to strength.
Smart money is still accumulating both Crypto & Crypto related stocks, the MACRO for 2026 continues to be positive & all the while sentiment is at some of its lowest levels in history.
In months to come, with the benefit of hindsight, this may be the opportunity we all wish we paid attention to.
That’s it from us this week, be sure to follow us on X @Crypto_Crib_ and we’ll catch you soon!