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GM. The Daily Squeeze turned 1 this weekend! 🎂

… And the market gifted us rotten fruit. Here’s what's in the mix today:

🍍 Is the bull run over?

🤔 Is the US gonna buy Bitcoin?

🍋 $1M Bitcoin wouldn't be a win, Kraken suspends Monero deposits + more

🎉 A year of squeezing.

🍍 Market flavor today

Crypto Market Cap: $3.91T -1.99% (24H)
Name		Price	24H	7D
	Bitcoin BTC	$114,907.76	-1.24%	-3.89%
	Ethereum ETH	$4,284.67	-4.32%	0.64%
	XRP XRP	$2.97	-2.98%	-6.51%
	BNB BNB	$833.23	-1.14%	4.46%
	Solana SOL	$181.32	-5.04%	1.83%

Yeah, I know, not the best start to the week.

Sooo… is it time to start freaking out? Does this mean the bull run is finished?

According to CryptoQuant contributor Gigisulivan, nope - it’s not over yet, but we’re close to the later stages.

First, let's check the sentiment. The crypto Fear & Greed index shows investors are leaning greedy, though not at extreme levels yet.

That means confidence is strong, though not the kind of over-the-top euphoria that you see near the top of a market.

If the index pushes past 75 - and especially into the 85+ range if Bitcoin nears $150K - that would be a warning sign that the bull run is getting close to the end.

On-chain data tells a similar story. Gigisulivan took a look at the long-term holder SOPR, which tracks how much profit long-term investors are taking when they sell.

Quick history lesson: every time that ratio has jumped above 4, it’s been a sign of exhaustion in rallies.

And oops, it did it again recently - which could mean that Bitcoin might need to retrace toward $100K before it can attempt another push higher.

Then there’s the stock-to-flow ratio, which looks at how much new supply gets created compared to the existing supply. The idea: the scarcer Bitcoin gets, the higher the price should climb.

This model has been pretty solid in the past - for example, it correctly predicted that the last bear market bottom would be under $16.5K.

And this time around, it’s pointing to a possible peak somewhere between $150K and $200K.

To figure out how much time is left, Gigisulivan leans on two more indicators: MVRV and the Puell Multiple. Both have nailed past cycle peaks.

👉 MVRV usually starts flashing danger when it rises above 3.0, and he expects that level could be hit within the next couple of months.

👉 The Puell Multiple, which looks at miner revenue, suggests a similar timeline of 8 - 12 weeks before the rally cools off.

Gigisulivan expects the next real bear market to hit around late 2026, and he thinks Bitcoin will fall back under $35K.

The takeaway: the rally isn’t dead yet, and there may still be one final push higher. But the major metrics are lining up to show that the window for gains is starting to close.

🤑 New users, new bonus

BitDegree and BloFin are basically doing a "order the main course, get dessert free" deal - but in futures trading form:

If you're new and make a deposit, you can get up to $100 futures bonus.

The catch? The offer ends TODAY, August 18, at 8 PM UTC.

So yeah - either you’re in, or you’re watching everyone else eat your dessert.