Cryptocurrency markets remain bullish on Thursday, fueled by optimism over potential altcoin ETFs.

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 8.6% and daily active addresses falling by 11.6%. Transactions greater than $100,000 are down from 10,134 to 9,587 in a single day. Exchanges netflows are up by 583.7%.

• Coinglass data reports 94,182 traders were liquidated in the past 24 hours for $166.31 million.

• Crypto chart analyst Ali Martinez stated that $13.5 billion left the cryptocurrency market in the past week, reflecting a decline in capital inflows.

Notable Developments:

• SEC Scales Back Crypto Enforcement, Expands Focus To Cyber Fraud

• Bitcoin, Ethereum Face Downside Risk As Institutional Demand Fades, JPMorgan Says

• Vitalik Buterin Criticizes Blockchain 'Casinos,' Suggests Ethereum Won't Follow Solana's Approach To Meme Coins

• Studying Bitcoin Will Strengthen Us, Czech Central Bank Governor Says

• Nigeria Hits Binance With $81 Billion Lawsuit Alleging Economic Damages And Unpaid Taxes

Top Gainers:

Trader Notes: With Bitcoin heading towards $100,000, crypto trader Kevin noted that it's tough to be bearish on the BTC chart.

Crypto trader Mayne highlighted key levels: Bitcoin above $99,500 and Ethereum above $2,850 as crucial for a potential mean reversion move.

Meanwhile, trader CJ is watching for a reaction at $98,826 and looking to buy dips around $96,000–$96,500, expecting a setup toward $105,000.

Network Economist Timothy Peterson emphasized Bitcoin cycle timing: in a bull market period of 9 months, traders can expect to double money, with an average annualized return of 152%. In a bear market of 34 months, returns slow significantly with an average annualized return of 28%, making the doubling time much longer.