Bitcoin could retrace to $90,000 short term, but Arthur Hayes sees surging 
fiscal liquidity fueling an unstoppable rally toward a $1 million long-term 
price target. Arthur Hayes Sees Bitcoin Climbing to $1M as Fiscal Forces 
Reflate Markets Macro investor Arthur Hayes, co-founder of cryptocurrency 
exchange Bitmex who now leads investment fund Maelstrom, stated on July […]

Arthur Hayes Warns of $90K Bitcoin Dip Ahead of 10x Rally to $1M

Bitcoin has held steady around the $108,000 price level in recent days. After 
bouncing back from a brief pullback near $105,500 on Wednesday, Bitcoin 
recently tested $109,000 again in the past 24 hours. A popular crypto analyst 
has shared a long-term &#8220;Bitcoin Bull Run Cheat Sheet&#8221; that claims that the 
cryptocurrency has now entered into the final phase that will lead to massive 
price gains. Related Reading: The Silent Bitcoin Accumulation: Public 
Companies’ Surprising H1 2025 Lead Bitcoin Cheat Sheet Declares Start Of Final 
Bull Phase In a recent post on X, Merlijn The Trader released what he dubbed 
the &#8220;Bitcoin Bull Run Cheat Sheet.&#8221; This cheat sheet is a breakdown of 
Bitcoin’s past market movements that shows the distinct phases of bear 
markets, accumulation zones, and subsequent parabolic bull runs. The cheat 
sheet divides each of Bitcoin’s two previous cycles from 2014 into three 
colored boxes: red for bear markets, orange for accumulation, and green for 
bull runs. Merlijn’s chart traces this repeating structure over the past 
decade, showing how each bull market followed a similar rhythm that began 
after a lengthy consolidation period and ended with a strong price explosion. 
The first full cycle began with Bitcoin’s peak around $1,000 in December 2013. 
Following that top, the price entered a long, painful bear market that spanned 
into 2015. This red-box phase eventually transitioned into accumulation, where 
Bitcoin traded sideways between $80 and $500 for a prolonged period. The green 
bull run box on the chart began around early 2017, and eventually ended with a 
peak just below $20,000 in late 2017. According to the cheat sheet, this 
entire cycle from peak to new peak lasted 1500 days. Bitcoin’s second cycle 
kicked off after its December 2017 top. A long drawdown followed, and the bear 
market phase dragged Bitcoin down to $3,000 by the end of 2018. The chart 
marks this point with another red box, followed by the orange accumulation 
zone that stretched well into 2020. The cheat sheet’s green box reappeared in 
late 2020 right as Bitcoin broke above its previous highs. The price shot up 
throughout 2021 and eventually reached a new all-time high around $69,000 in 
November of that year. This second full cycle was shorter than the first and 
spanned around 1400 days from the previous top. When Will The Next Bull Run 
Begin? The current cycle began with Bitcoin’s all-time high in November 2021. 
Since then, the market has gone through its familiar sequence. A sharp decline 
into 2022 which bottomed around $15,000 represents the bear market phase. The 
decline was followed by nearly a year of sideways movement and slow recovery 
up until early 2025. This is represented as the orange accumulation box on the 
cheat sheet above. According to the analyst, Bitcoin is now in the next bull 
phase, and possibly the largest one yet. The chart projects a continuation 
along the long-term growth curve, possibly toward the $250,000 to $300,000 
range over the coming year. Notably, the timeline for the entire cycle this 
time should take about 1,300 days from late 2021 to complete. Related Reading: 
Dogecoin Social Surge: Rising Buzz And Network Use Spark New Interest At the 
time of writing, Bitcoin is trading at $108,260. Featured image from Pixabay, 
chart from TradingView

Analyst Shares Bitcoin Cheat Sheet Showing When The Bull Run Begins

References to Bitcoin in songs, movies, and televised media indicate that the 
digital asset is breaking into mainstream popular culture.

Drake mentions Bitcoin in new song 'What Did I Miss?'

Ripple’s XRPL Accelerator is unleashing a powerful new wave of tokenization 
and enterprise blockchain innovation, driving real-world adoption and massive 
growth across the XRP Ledger ecosystem. Ripple’s New XRPL Accelerator Set to 
Reshape DeFi and AI Infrastructure Fast Ripple announced on July 3 a strategic 
collaboration with global fintech incubator Tenity “to launch a new […]

Ripple Unveils New Accelerator to Boost XRP Ledger Innovation in DeFi and AI

Solana, Ethereum’s largest rival, leads among cryptos with highest dApp 
revenue. In June 2025, Solana clocked over $146 million in revenue from 
decentralized applications in its ecosystem. Solana has consistently led in 
dApp revenue and metrics, outpacing Ethereum and BNB.

Cryptocurrency price in USD