Recent market movements and expert insights reveal that the current dip in Bitcoin’s price might be setting the stage for a significant bullish phase in the cryptocurrency markets. Despite Bitcoin skidding below $100,000 amid macroeconomic tensions and geopolitical concerns, influential figures in the crypto space remain optimistic about the asset’s long-term potential and future rallies.
Samson Mow, founder of Bitcoin infrastructure firm Jan3, contends that the ongoing price decline does not mark the beginning of Bitcoin’s bull run. Earlier this week, Bitcoin dropped just shy of the $100,000 mark. Mow stated, “The Bitcoin bull run hasn’t started yet. We’re just marginally outperforming inflation at this price range,” highlighting that current price levels are still driven by macroeconomic factors rather than full-blown market enthusiasm. The broader cryptocurrency market has also faced declines, with Bitcoin’s price slipping to around $99,607 on Wednesday amid geopolitical tensions between the U.S. and China, and ongoing macroeconomic uncertainties.
Nevertheless, the industry remains optimistic. Mow, in a series of bullish posts on social media, indicated that the market has significant upside potential. He pointed out that Bitcoin continues to outperform the U.S. inflation rate, which hovers around 3%, and suggested the possibility of a “Christmas god candle,” a term used to describe sharp, bullish price surges indicative of strong buying momentum. Earlier this year, Mow predicted Bitcoin could reach $1 million in a rapid, turbulent upheaval, emphasizing his long-term bullish outlook.
Meanwhile, Mow also commented on the concept of market cycles. While some analysts foresee a cycle peak in 2026 based on historical patterns, Mow himself expressed skepticism of cyclical theories, suggesting that Bitcoin’s behavior could imply a longer or even indefinite rally—what some refer to as an “Omegacycle.” “If you believe in cycles, then it hasn’t topped; that could mean a longer cycle or a generational bull run for a decade, similar to gold after ETF adoption,” he explained.
Bitcoin OGs Not Selling, Mow Asserts
Jordi Visser, a veteran Wall Street analyst and macro strategist, previously suggested that Bitcoin is in an initial product offering phase where early holders are gradually selling, and new investors are buying up the dip. Yet, Mow countered those fears, asserting that Bitcoin’s oldest holders aren’t selling in large quantities and that the focus should remain on the next major upward cycle.
“People are fearful because they created their own theory that OGs are selling above $0.1M, and they may sell more. It’s incredible how people are capable of self-owning themselves with fear. Focus on the big picture. Bitcoin is going to add a zero, it’s just a question of when.”
He also noted, “I don’t know any OG’s that are selling, by the way,” emphasizing that longtime Bitcoin holders remain committed to the asset, fueling expectations of a forthcoming bullish phase.
Market Sentiment Remains Cautious, But Signs Point Upward
The Crypto Fear & Greed Index recently shifted into “extreme fear,” reflecting short-term trader anxieties. However, Jan3’s proprietary index, which inverts the traditional sentiment measure, indicates that Bitcoiners are actively accumulating, driven by fear of missing out rather than price decline. Mow explained, “The market’s crying. Bitcoiners? Still stacking. Fear and Greed Index sits at 23, in the Extreme Greed zone, because Bitcoiners fear missing sats, not the current price drops.”
As the crypto market continues to grapple with macroeconomic headwinds, industry insiders remain cautious yet optimistic that a major rally lies ahead, driven by strong fundamental beliefs and resilient long-term holders.