{"content":"Crypto’s Civil War 💥 — Bulls and Bears Clash Over Market Direction First bear pillar: the “AI bubble” overhang. Nvidia temporarily topped a $5 trillion market value in late October, raising concerns that equities values connected to AI infrastructure expenditure may be outpacing profits. Point two—“bullish news fail to pump”—was shown when “Uptober” concluded with a crypto market whimper. Bitcoin and Ethereum sank toward month-end despite sporadic policy tailwinds and robust ETF inflows mid-month, and US spot ETF flows went dramatically negative during the last three trading days of October, consistent with risk aversion following the Oct. 10–11 shock. The “10/10 crash” is the third bear lever. The two-day downdraft followed a White House tariff escalation warning and created one of the greatest one-day liquidations in crypto history, prompting a rush for downside hedges and a search for “dead entities” and hidden impairments. Ignas' fourth bear note concerns cycle timing. The fourth Bitcoin halving happened on April 20, 2024 (block 840,000). Prior cycles do not map one-for-one, but the post-halving window is a hot topic. If the “cycle is not dead,” Bitcoin may peak before year's end. The Crypto Bull Case The bull case isn't a sham. Start with “liquidity easing & interest cuts.” The Bank of England has started cutting, the ECB has delayed its considerable easing, and the US Federal Reserve is poised to finish quantitative tightening with two more cuts. Ignas claims “no clear euphoria,” and empirically, he's accurate. The Crypto Fear & Greed Index fluctuated between “Fear” and “Neutral” this week, printing in the mid-30s to low-40s on November 3. That's far from the 80s–90s “extreme greed” that causes blow-off peaks and suggests positioning is not yet dangerously crowded. Institutional adoption continues to exacerbate the bull ledger quietly. Spot Bitcoin ETFs are driving market strength with $30.2 billion year-to-date inflows. #BEAR #BULLS #TrumpBitcoinEmpire #FOMCMeeting $BTC $ETH ","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025112025/11/04/68062f0fd8514da8b6d27713b14d44b9.png"],"tags":[],"tradingPairs":["ETH/USDT"],"quotearticleid":0}