Bitcoin Bull Run Still Long? Here Are 3 Facts Many People Overlook

Jakarta, Pintu News – Bitcoin recently experienced a sharp decline after a liquidity shock in global markets wiped out millions of dollars in value in a matter of minutes. Analysts argue that this drop was not caused by Bitcoin itself, but rather by a spike in Japanese government bond yields that disrupted the yen carry trade and forced investors to liquidate positions in various risky assets.

Stablecoin Liquidity Increases

Despite the recent market drawdown, the total supply of stablecoins continues to grow. This shows that large investors have not abandoned the market. The market capitalization of stablecoins is starting to increase again, signaling increased liquidity.

Investors seem to be holding their capital in stablecoins while waiting for better macro conditions. Rising stablecoin reserves are often the fuel for the next stage of a crypto rally.

Also read: Drastic Drop in Crypto Assets in Q4 2025, Here’s the List of Underperforming Coins!

Global Liquidity Starts to Improve

Some major economies are starting to implement looser policies. China has been injecting liquidity over the past few months. Japan recently announced a $135 billion stimulus package and eased crypto regulations. Canada is also moving towards looser conditions.

In the United States, the Federal Reserve has stopped quantitative tightening, which historically comes before liquidity expansion. Bitcoin rarely moves against the rising global liquidity cycle.

Read also: Nick Szabo: “Bitcoin (BTC) Should Be Considered a Trustless Insurance!”

Upcoming Policy May Add Liquidity

Policy action in the US may boost liquidity further. The Treasury General Account holds about $940 billion, about $90 billion above its normal range. When such money flows back into the system, it usually improves financing conditions and supports risk assets. A more crypto-friendly Fed leadership could strengthen the market outlook.

Conclusion

Although Bitcoin and altcoins are still facing selling pressure, with most major coins moving flat after recent volatility, there are several factors that suggest that the bull run is not over yet. Bitcoin is currently trading near $89,703 and Ethereum around $3,038, both indicating weak momentum. However, with increased global liquidity and supportive policies, there is potential for recovery.

FAQ

What are the main causes of Bitcoin’s recent price drop?

Bitcoin’s recent price drop was caused by a spike in Japanese government bond yields that disrupted the yen carry trade, rather than by internal factors from Bitcoin itself.

How does stablecoin liquidity affect the crypto market?

The increase in supply and market capitalization of stablecoins suggests that large investors are still holding onto their capital in stablecoins, which could fuel the next stage of the crypto rally when macro conditions improve.

What impact do global economic policies have on the price of Bitcoin?

Looser policies from major economies such as China, Japan, Canada, and the cessation of quantitative tightening by the US Federal Reserve are likely to favor a cycle of increased global liquidity, which has historically had a positive impact on Bitcoin prices.

How could the upcoming policies in the US affect the crypto market?

Upcoming policies, such as the re-flowing of money from the US Treasury General Account into the system, are expected to improve financing conditions and support risky assets, including cryptocurrencies.

Is there still selling pressure on Bitcoin and altcoins?

Yes, there is still selling pressure on Bitcoin and altcoins, with most major coins moving flat after recent volatility, but factors such as increased global liquidity and supportive policies could provide impetus for price recovery.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coin Edition. Three Reasons Why the Bull Run Is Not Over Yet. Accessed on December 7, 2025
• Featured Image: Generated by AI