Bitcoin has been trading sideways in the $80Ks, but crypto analyst Lark Davis says the next major cycle is already taking shape. The crypto investor and YouTuber joins Grace Remington and Sean Hagan on the Bitcoin Magazine show to explain why roughly a dozen on-chain and technical indicators — from record whale accumulation, which tracks buying by the largest holders, to the two-week MACD, a longer-timeframe version of the moving average convergence divergence momentum indicator — point to a market bottom at $57K.

Davis also examines the psychology behind the current market, arguing that the lingering trauma of the bear market makes it difficult for many participants to believe that conditions could genuinely improve.

The ETF era frames much of the discussion. US spot bitcoin ETFs began trading in January 2024, giving investors a way to gain bitcoin exposure through standard brokerage accounts. The chapters examine why bitcoin dominates those inflows, how flows compare with market cap, and the parallel Davis draws with gold, whose first US-listed ETF debuted in 2004. Another chapter asks whether bitcoin's four-year cycle — the rhythm historically tied to its halving schedule, which cuts new bitcoin issuance roughly every four years — still applies. Policy rounds out the episode, with segments on the Strategic Bitcoin Reserve, the outlook for the Clarity Act (a US market-structure bill), and the case that codifying a bitcoin reserve into law would add legitimacy.

The episode covers the following chapters:

• 0:00 – Lark Davis: Are We on the Cusp of the Next Bitcoin Bull Run?
• 1:13 – Why the Bitcoin Bottom Is Likely In at $57K
• 1:53 – Early in a New Bull Market: Opportunity in Bitcoin and Altcoins
• 2:33 – Why Bitcoin Dominates ETF Inflows
• 4:07 – ETF Flows as a Percentage of Market Cap
• 5:28 – Is the Four-Year Cycle Dead?
• 8:31 – The Gold ETF Parallel: How ETFs Are Changing Bitcoin
• 10:00 – The Shallowest, Shortest Bear Market Ever
• 12:08 – The Strategic Bitcoin Reserve and the Clarity Act Outlook
• 15:15 – Why Codifying a Bitcoin Reserve Would Add Legitimacy

Disclaimer: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions.

This article Crypto Analyst Lark Davis: The Bitcoin Bull Run Has Begun first appeared on Bitcoin Magazine and is written by Patrick Green.