In a thread shared with his 538,000 followers on X, crypto analyst Miles Deutscher highlights the vital importance of retail investors to the sustainability of the crypto bull market. To understand the possible return of the crypto bull run, Deutscher believes it is essential to understand what has happened in recent years. Deutscher recalls the substantial rally from March 2020 through November 2021, highlighting the extreme gains made across various altcoins. Understanding The Crypto Bull Run Dynamics “From March 2020 until November 2021, the crypto market rallied 2,672%, with many alts pulling 50-100x+ multiples,” Deutscher states, pointing to a period characterized by significant financial stimulus and increased public interest due to global lockdowns. However, the glory days were short-lived, as Deutscher pointed out, marking the peak of the market in November 2021 followed by a steep decline. The downward spiral was accentuated by the LUNA & UST collapse in May 2022, which not only erased significant market value but also exacerbated the decline across the broader crypto market. “Crypto technically topped in November 2021. But it wasn’t until May 2022 that crypto would be deliv ..
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