In the last 7 days bitcoin price has dropped 11 % while ethereum price has dropped 20 %. Is this the final dump ? Is this the end of the bullrun ?

Of course nobody can answer this question with certainty. But I believe we are still in the bullrun. Why then do we have this significant price drop ? I think we can explain this situation with two main reasons.

The first cause could come from the US. Even though the Trump government seems to be pro crypto, all the decisions he has announced (taxes, position regarding Ukraine, …) creates a real sentiment of uncertainty among investors. And when investors feel uncertainty, they remove their money from risky assests. And crypto are risky assets...

The second cause might be linked to the Bybit hack. On February 21st 2025, approximately $1.46 billion in cryptoassets (mainly ETH) were stolen from Bybit. This is by far the largest crypto robbery of all time. So now, the thieves are trying to launder the funds by selling their ETH. And this is creating a selling pressure on ETH, driving its price down. And when ETH is down, all altcoins based or linked to ETH are also down.

I include in the resources below a link to a youtube video that explains this point of view.

And now what is next. Well, we will have to scan the Trump statements and behavior and see what are their impacts on the market.

Interested to know what you think.