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Bitcoin Primed to Explode as Whales Reaccumulate, Altcoin Season Incoming: Lark Davis

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2024-07-23 09:40:03320browse

In his latest video, renowned crypto analyst Lark Davis issued a warning to Bitcoin holders, suggesting that they might not be fully prepared for what lies ahead.

Bitcoin Primed to Explode as Whales Reaccumulate, Altcoin Season Incoming: Lark Davis

Crypto analyst Lark Davis has issued a warning to Bitcoin holders, suggesting that they might not be fully prepared for what lies ahead.

However, Davis' analysis also points to promising signs of massive inflows into U.S. small-cap stock funds, which could indicate a broader risk-on sentiment that often correlates with bullish movements in the crypto market.

Despite past criticisms, Davis highlights the potential impact of Ripple's legal battles on XRP's price, questioning its current utility.

On the other hand, he expresses bullish sentiments toward Base Layer Two and specific altcoins like Aerodrome, Brett, and Benji, which are key for exposure to the Base ecosystem in the absence of a native Base token.

Finally, Davis shares an anecdote about a successful airdrop within Avalanche's ecosystem, which had a positive effect on his 10K portfolio challenge, and highlights the upcoming Ethereum ETFs and the dynamic supply constraint in the wake of 33% of all Ethereum being locked in staking contracts.

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