Crypto Market Bloodbath: What to Expect Before the Fourth Quarter Market Shift

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Over the past few weeks, the crypto sector has regularly shifted from bearish to bullish, thanks to several narratives orchestrated through different social media platforms. As a crypto investor, it is prudent to study the social narrative to fathom these shifts and avoid being left out.

Furthermore, experts have concluded throughout the changing crypto narratives that market prices move in the opposite direction of crowd sentiment and expectations. 

Different narratives have emerged as top movers ahead of the anticipated economic shift in the United States, triggered by the Fed’s possible interest rate cuts on September 18. 

Crypto Forces to Study Ahead

Legal Issues

As the crypto industry goes mainstream, fueled by institutional investors, governments around the world have been moving towards regulating the web3 sector. In the largest economy, the United States, the crypto regulatory landscape has significantly improved in the past few years but more is expected to shift amid the upcoming general elections.

Nonetheless, the current administration has continued to crack down on crypto-related businesses including banks offering services to web3 startups and users. For instance, the U.S. Federal Reserve has issued a cease-and-desist order to crypto-friendly United Texas Bank, citing major deficiencies in its risk management and compliance with anti-money laundering laws. 

Memecoin Hype

The meme coin sector remains an integral component of the crypto industry, especially in onboarding new users to the Web3 space. Experts believe another meme coin season, similar to the one experienced earlier this year, will take place after the Bitcoin price rallies to a new all-time high. 

Already, venture capitalists have accelerated their investment into meme coins on different chains led by Ethereum, Tron, Solana, and BSC. 

Whales Market Manipulation 

Due to their impact, the study of whales’ on-chain behavior remains a top signal in the crypto price action. The ongoing sell-offs by the US spot Bitcoin and Ether ETFs amid rising stablecoins supply can be interpreted as a bullish move in the mid-term. 

Furthermore, the supply of Bitcoin and Ethereum on centralized exchanges is at multi-year lows, suggesting whales have silently been accumulating.

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