ilmscore | Prediction Details
"On the flip side, meanwhile, temporary crypto catalysts that are bearish tend to mark the local or cycle bottom of a crypto project. One example here is when the original founders of the Pudgy Penguins NFT collection allegedly misappropriated funds and were ousted by the community. This marked the cycle low for the Pudgy Penguins NFT collection and it went on to become one of the largest NFT collections in crypto. Speaking of which, we've seen that crypto traders and investors often tend to overreact to temporary crypto catalysts that are bearish because they think they're permanent."
By Coin Bureau | August 2, 2025 | Pending
From video
Crypto Crash EXPLAINED: Macro, Leverage & Bearish Catalysts 00:13:33 - 00:14:06
Interpreted Prediction
The approval of spot Bitcoin ETFs is a permanent and bullish crypto catalyst that fundamentally changed Bitcoin by enabling institutional investment, with a profound long-term impact.

Prediction Details

Ticker
BTC
Initial Price
112,561.8 USD

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.