On Friday, a crypto trader suggested the recent market plunge could signal the start of a bull run, dismissing the crash as an overreaction to Trump’s tariff announcement. Bitcoin plummeted over 10%, resulting in $19.31 billion in liquidations, surpassing losses during the COVID-19 crash and FTX collapse.

Despite the wipeout, the trader believes the correction reset the market after a year of Bitcoin outperforming other cryptos. Bitcoin is currently trading at $111,210, down 10.43% in the past week. The trader anticipates a change in market dynamics, driven by investors’ impatience and market makers’ actions.

Another analyst predicts Bitcoin’s price will continue to climb in the short term, despite falling short of year-end targets. The market sentiment, as measured by the Crypto Fear & Greed Index, has shifted to “Extreme Fear,” indicating skepticism among industry players. Some experts foresee a cooling-off period before a gradual resumption of the rally.

Read more at Cointelegraph: Crypto Bull Run Has A ‘Very High Chance’ Of Starting: Trader