We’ve had ETF hype. We’ve had meme coin rallies. But according to Lark Davis, the real bull market hasn’t even started yet.

In his latest video, Lark breaks down what’s missing from this cycle, why ETH is underperforming, and what signals could unlock the explosive phase everyone’s waiting for.

🔍 Quick Summary

Key Highlights:

  • Altcoin season hasn’t arrived yet

  • Bitcoin is seeing massive ETF inflows, ETH is being ignored

  • Pullbacks are healthy, and Bitcoin could still hit 140K or higher this summer

  • Macro conditions are slowly turning risk-on

  • Lark believes the biggest upside is still ahead

📉 What’s Missing From the Cycle?

There’s been no real altcoin mania. No runaway trend. Just a couple of big event-driven pumps like the ETF launch, followed by corrections.

"This hasn’t been a true bull market yet. The best part might still be coming."

Lark points to CryptoCon’s chart showing we’re still early in the Puell Multiple phase. No cycle top indicators. The full bull market structure hasn’t played out.

📊 Bitcoin vs Ethereum

Here’s how things look year over year:

Key Highlights:

  • Bitcoin: $66K → $90K

  • Ethereum: $3,200 → $1,600

Wall Street is pouring in:

Key Highlights:

  • Bitcoin ETFs: $2 billion of inflows in 3 days

  • Ethereum ETFs: $10 million in outflows

Lark says ETH just isn’t catching bids. It’s lagging heavily, and institutions aren’t showing interest yet.

💡 Why It Matters

If ETH can’t bounce soon, it risks falling even further behind. Meanwhile, Bitcoin continues to lead, and Lark expects a healthy pullback to $89K before potentially pushing to $140–150K around May or June.

He’s also watching macro catalysts like:

Key Highlights:

  • A possible Fed rate cut in June

  • Ongoing US–China negotiations

  • A weaker dollar, which tends to lift crypto

🧠 Meme Coins and Small Cap Rotation

Lark is rotating more into meme coins and lower-cap altcoins for better upside. Some names he mentioned:

Key Highlights:

  • Fartcoin: Watching for a pullback before re-entering

  • SUI: Huge breakout through key EMAs

  • TrumpCoin: Surged after a dinner invite utility was announced

  • Brett: 75% move in 2 days, likely needs a cool-down

He warns not to chase pumps. Wait for confirmation, pullbacks, or support retests.

⚠️ What Could Go Wrong?

Lark’s cautiously optimistic, but he’s watching for:

Key Highlights:

  • Possible stock market correction later in the year

  • Trade tension escalation

  • August and September, which are historically volatile

Even so, he believes we’re in a clear risk-on period until late 2025 at least.

📢 Final Thoughts

“Altcoin season hasn’t happened. Retail isn’t back. And the best part of the cycle still looks like it’s ahead of us.”

Josh Olszewicz – Alt Coins: Finally Have Evidence of a Bottom (24.04.2025 Summary)
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Josh Olszewicz – Alt Coins: Finally Have Evidence of a Bottom (24.04.2025 Summary)