# Uncertainly Bullish State of the Market & What's New #3

Source: https://www.ignasdefi.com/p/uncertainly-bullish-state-of-the
Kiwi News: https://news.kiwistand.com/stories/Uncertainly-Bullish-State-of-the-Market-and-Whats-New-3?index=0x66a3450d7f266682349e2812a75a1009dcba1932206c47b2685ef541765066f7f7a34bd5
Submitted by zinkk.eth on 2024-07-26 UTC, 2 upvotes, 0 comments

## Summary

The author argues the crypto market is shifting from boring to uncertainly bullish, with uncertainty now seen as a positive sign rather than a negative one. The text says prices have been stagnant since May, airdrops are disappointing, and retail buyers have not returned. It cites Ethereum ETFs, which went live and reached $1B in volume on their first day, about 25% of the BTC ETFs' volume, above the 10% to 20% most analysts had expected.

## Article

The market is turning from boring to uncertainly bullish.

Since May, the crypto market has been rather boring. Prices are stagnant, airdrops are disappointing, and fatigue regarding infrastructure projects is evident (people no longer read technical threads), retail (not us but the buy-anything retail) is not here.

Crypto Twitter is now discussing politics more than crypto….

The market is still uncertain, but this uncertainty is bullish rather than bearish.

Let me explain what I mean.

First, Ethereum ETFs are finally live, and the numbers are starting to come in.

On the first day, ETH ETFs achieved $1B in volume, which is 25% of the BTC ETFs' volume. Most analysts had expected ETH ETFs to fall between 10% to 20%, making this a bullish sign.