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“I think there’s a very high chance this is the start of the bull market,” trader Alex Becker noted in a Saturday video on YouTube. Becker suggested that investors dumping their coins right now might be the “stupidest thing you could ever do.”
Market Crash A Catalyst For Next Leg Up
Bitcoin collapsed hard on Friday in a rare flash crash, plunging from a price of $122,000 to as low as $109,862 as the Trump administration’s 100% tariff announcement on Chinese imports triggered a wider crypto risk-off. Crypto’s total market capitalization fell to around $3.85 trillion as of press time.
Trader Becker described it as a “massive overreaction,” suggesting that the flash crash “just reset everything.” He claimed that traders had become frustrated after the alpha cryptocurrency surged for a year while the rest of the crypto market underperformed.
“I think that’s about to change,” he opined. “This has driven people to insanity, and you’ve seen market makers just pulling the levers up and down,” Becker continued, adding:
 
“Everything they do to the market gets overreacted three to four times, because people won’t just f##king wait a couple months to get the gains they need to get.”
In Becker’s opinion, the historic drawdown was in part caused by “all-time impatience” among investors in recent weeks.
Samson Mow, CEO of Bitcoin technology company Jan3, shares the same optimism as Becker. “It’s time for Bitcoin’s next leg up,” Mow postulated.
“Massive amounts of capital will flow back to Bitcoin as a new generation of Bitcoin Maximalists are born. Yesterday’s purge is likely the catalyst for the real Bitcoin bull market. Plan accordingly.”
October has historically been a remarkably bullish month for the Bitcoin price action — a longstanding pattern that has crypto experts anticipating a hot “Uptober” every year. The trend at first appeared set to materialize this year; BTC rocketed roughly 11% to a new lifetime high peak just above $126,000 in the first week of this month.