News View Non-AMP

Cryptocurrency Expert Ilan Solot Predicts Crypto Market Uptrend Soon – “Worst Is Over”

Published by
Qadir AK

Renowned digital assets expert, Ilan Solot, anticipates a positive shift in the cryptocurrency market, foreseeing the end of the recent lull and a resurgence of the uptrend. As the co-head of Digital Assets at Marex Solutions liquidity manager, Solot provides insights into potential market dynamics and challenges.

Market Analysis

Solot acknowledges critical challenges, notably the U.S. government’s plan to sell $130 million worth of Bitcoin seized from Silk Road, constituting about 4.4% of the total Bitcoin supply. Despite potential selling risks, he deems them manageable, emphasising the importance of a gradual resolution.

Diving deeper into specific factors affecting market sentiment, Solot points out the impact of Celsius selling Ethereum and the potential slowdown in GBTC sales. Notably, he mentions GBTC’s decision to set the fee at an uncompetitive 1.5%, suggesting confidence in a relatively high floor for GBTC’s AUM (Assets Under Management).

Solot’s tweets suggest an optimistic outlook, stating, “The Worst is Over,” and expressing confidence in the crypto market’s comeback into an uptrend. He speculates on the recovery of market sentiment, anticipating headlines of slowing GBTC sales triggering a buy-the-dip mindset.

Also read: Arthur Hayes Reveals His Two Altcoin Picks, Says Bitcoin Will Undergo 30% Correction

Despite these challenges, Solot remains optimistic, emphasising the open “superhighway” and Solot recognizes the possibility of a “level shift” lower in sentiment, especially after the SEC’s delayed approval. He emphasizes the healing process, expecting a gradual decline in Bitcoin dominance and choppy markets before the uptrend resumes.

Looking ahead to 2024, Solot remains constructive about the crypto space, highlighting the end of major overhangs and the upcoming Bitcoin halving. He expresses optimism for Ethereum and Solana, expecting a robust performance in the coming months.

In Conclusion …

Ilan Solot’s comprehensive insights provide a distinct perspective on the cryptocurrency market. His analysis, backed by pie charts and data from tweets and market observations, suggests an overall positive trajectory, leading the cryptocurrency market dynamics from the worst downtrend/lull to the oncoming uptrend. 

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Recent Posts

Ethereum ETF Hype Builds, But Bitcoin Solaris Genesis Event at $1 Offers More Accessible Wealth Potential

It feels like every week brings a fresh wave of crypto headlines shouting about institutional…

July 22, 2025

Chainlink (LINK) Price Eyes $22 Breakout—Will it Hit $28 Before the Next Pullback?

Chainlink price has recently reignited bullish sentiment after reclaiming critical support and breaking past the…

July 22, 2025

Bitcoin Price Faces Critical Support: Can It Rise To $130K?

After surging to a new all-time high of $123,231 on July 14th, the Bitcoin price…

July 22, 2025

This Ethereum Meme Coin Could Turn $850 into $65,450 With a 77x Rally Before Dogecoin Hits $0.74 Again

Dogecoin is surging again. Bulls are waking up. Analysts are calling for $0.74, its all-time…

July 22, 2025

India’s Crypto Tax Trouble Leads to Calls for Cuts and Clear Rules

India's crypto users continue to struggle with the high taxes and a lack of clear…

July 22, 2025

Perplexity Predicts Pi Network Price for this Week

Pi Coin is making waves today, rising 7.7% to trade at $0.4866 following a technically…

July 22, 2025