Miles Deutscher, a prominent crypto analyst with over 631,000 followers on X, believes the cryptocurrency market is on the verge of its biggest bull run ever. In a detailed thread posted on August 12, Deutscher outlined a unique convergence of catalysts that have never before been seen at this scale, setting the stage for explosive growth.

Unprecedented Demand from Spot ETFs

Deutscher points to the massive inflows into US spot Bitcoin and Ethereum ETFs, which have accumulated over $17 billion net in the last 60 days, including more than $11 billion in July alone. This sustained, price-insensitive demand signals a fundamental shift in valuation anchors and absorbs selling pressure, indicating strong underlying market support.

New Pool of Buyers via Retirement Accounts

A significant catalyst is the recent move to allow 401(k) plans to hold cryptocurrencies, opening a "massive new pool of buyers" worth trillions. Estimates suggest total demand from this shift could range from $131 billion to $465 billion, with approximately 88% allocated to Bitcoin and 12% to Ethereum. While implementation will take time, this development represents a mainstream bridge for crypto adoption.

Regulatory Clarity Boosts Stablecoin Adoption

Regulatory progress, especially around stablecoins, is another key pillar. Deutscher notes the approval of measures providing clarity for stablecoins, which have reached a new all-time high market cap of over $280 billion after 22 consecutive months of growth. This combination of clearer rules and expanding tokenized dollar supply enhances liquidity, market-making, and cross-border transfers, fostering increased risk appetite downstream.

Political Signaling and Institutional Endorsements

Political endorsements are becoming more visible, with figures like the Trump family publicly supporting Ethereum and crypto tokenization. This high-level visibility adds narrative momentum to the market. Institutional adoption remains strong, exemplified by Harvard Management Company's recent disclosure of a $116.6 million position in BlackRock’s spot Bitcoin ETF. Such endorsements validate the ETF structure and compliance pathways, encouraging further inflows.

Market Momentum and Resilience

Ethereum reclaiming the $4,000 level and the resilience of both Bitcoin and Ethereum amid negative news indicate "seller exhaustion" and "sticky demand." Analysts urge traders to focus on long-term trends, noting more buyers than sellers in the foreseeable future. Treasury participation and competitive positioning by major crypto figures add further fuel to the bullish narrative.

Altcoin Rotation and Market Structure

Deutscher highlights weakening Bitcoin dominance for the first time since 2024, suggesting a potential rotation into altcoins. However, liquidity remains concentrated in major coins and centralized exchanges, supporting a strong, durable trend in Bitcoin and Ethereum before altcoins gain momentum.

Conclusion

According to Deutscher, the crypto market is experiencing a thickening of market depth and improved settlement infrastructure at the top, reducing volatility and setting the stage for a major price move. If these catalysts continue to align, the next historic bull run is already beginning to unfold. At the time of writing, the total crypto market capitalization stands at approximately $3.93 trillion.

Source: Biggest Crypto Bull Run In History Is About To Ignite: Top Analyst on August 12, 2025.

Frequently Asked Questions (FAQ)

Crypto Market Bull Run Catalysts

Q: What factors are contributing to the predicted biggest bull run in cryptocurrency history, according to Miles Deutscher? A: Miles Deutscher identifies several key factors, including unprecedented demand from spot ETFs, the introduction of a new pool of buyers through retirement accounts (401(k)s), regulatory clarity boosting stablecoin adoption, positive political signaling, and strong institutional endorsements. Q: How significant is the impact of spot Bitcoin and Ethereum ETFs on market demand? A: Spot ETFs have accumulated over $17 billion in net inflows in the last 60 days, signaling sustained, price-insensitive demand that absorbs selling pressure and indicates strong underlying market support. Q: What is the potential impact of allowing cryptocurrencies in 401(k) plans? A: This development opens up a "massive new pool of buyers" worth trillions, with estimates suggesting potential demand ranging from $131 billion to $465 billion, primarily allocated to Bitcoin and Ethereum. Q: How does regulatory clarity, particularly for stablecoins, influence the crypto market? A: Clearer regulations for stablecoins, which have reached an all-time high market cap, enhance liquidity, market-making, and cross-border transfers, thereby increasing overall market risk appetite. Q: What role do institutional endorsements play in the current crypto market sentiment? A: Institutional endorsements, such as Harvard Management Company's investment in a spot Bitcoin ETF, validate the ETF structure and compliance pathways, encouraging further institutional inflows and market confidence. Q: What is meant by "seller exhaustion" and "sticky demand" in the context of market momentum? A: "Seller exhaustion" suggests that most potential sellers have already sold their assets, while "sticky demand" indicates that buyers are consistently entering the market, leading to market resilience even amidst negative news. Q: What does the weakening Bitcoin dominance suggest for the altcoin market? A: A weakening Bitcoin dominance for the first time in a while suggests a potential rotation of capital into altcoins. However, significant liquidity is still concentrated in major coins, indicating that Bitcoin and Ethereum are likely to see sustained strength before altcoins experience a major surge.

Crypto Market AI's Take

The confluence of institutional adoption through ETFs, the integration of crypto into retirement plans, and growing regulatory clarity are indeed powerful tailwinds for the cryptocurrency market. At Crypto Market AI, we leverage advanced artificial intelligence to analyze these evolving market dynamics. Our AI-powered trading bots and market analysis tools are designed to navigate such periods of significant growth and volatility, helping users identify opportunities and manage risks effectively. We provide real-time insights and automated strategies that align with the broader market trends discussed in this article, ensuring our users are well-equipped to capitalize on the potential bull run.

Biggest Crypto Bull Run In History Is About To Ignite: Top Analyst