- The seasoned expert in the crypto market believes that the bull season is still ongoing.
- A popular trader named GRC recently responded to a tweet from X user @Tree_of_Alpha, who claimed that “the worst fraudsters are competing on the timeline, and GCR is betting against them. 2022 is repeating itself.”
- In his reply, GRC emphasized that the current situation differs from 2022, asserting that we are still in a bull market: “The 2022 bet was in the middle of a bear market. The current setup reminds me more of late Summer 2020, post the DeFi summer boom; even shades of Summer 2021. But one must not be too fixated on fractals; each cycle operates differently. We’re still in a bull market.”
Get insights into the current state of the crypto market from renowned trader GRC, who correctly predicted FTX collapse and the LUNA crash. Is the bull market still ongoing? Find out.
GRC’s Track Record of Accurate Predictions
GRC, also known as “Gigantic-Cassocked-Rebirth,” has gained fame in the crypto community for his precise market forecasts. His initial claim to fame was in November 2021 when he predicted the market peak and took a short position, earning significant attention.
From LUNA Short Position to FTX Collapse
GCR further solidified his reputation by taking a massive short position against Do Kwon, thus betting against LUNA, showcasing his foresight once more. The experienced trader also warned of the impending collapse of FTX, advising people to withdraw their funds from the exchange just before it began to crash.
Conclusion
In summary, GRC maintains that we are presently still in a bull market, drawing parallels to past market cycles without getting overly attached to historical patterns. His continued accurate predictions serve as a valuable guide for crypto enthusiasts navigating these volatile times.
