- Current Price Action: Bitcoin dropped from $108,850 to $105,000 in 24 hours, entering a cooling-off phase after reaching an all-time high above $111K. Analyst Leshka.eth believes the bull market isn’t over yet, forecasting a peak around August 2025.
- Cycle Projection: Based on technical indicators and market psychology patterns (like the Wall Street Cheat Sheet), the cycle is now in the “belief” stage. If it mirrors past cycles, a peak may hit in July, followed by a brief complacency phase, then a major crash between September and November.
- Warning Indicators: Leshka is closely watching on-chain metrics—MVRV, NUPL, and SOPR—which historically flash red before major downturns. The plan is to exit while the market is still euphoric, avoiding the crash many won’t see coming.
Bitcoin’s been stumbling a bit lately—dropping from around $108,850 to a flat $105K in the past day. Not exactly a crash, but after blasting past $111K last week, it’s clear we’ve hit a bit of a breather. Now, folks are torn: is this just a pause before the next moonshot, or have we already seen the top?
For Leshka.eth, a well-followed analyst over on X, there’s no debate. The bull market isn’t over—not yet anyway. But, heads-up… he’s got his eyes on August 2025 as the real finale. According to him, the real peak’s still coming, but it’s not as far off as some might hope.
Mapping The Cycle: When Is The Top?
Leshka’s take is built around a blend of technicals and good ol’ market psychology. Using the Wall Street Cheat Sheet—yeah, that one showing all the emotions from optimism to panic—he reckons we’re somewhere around “belief” right now. If this cycle is anything like 2017 or 2021 (and history kinda rhymes, doesn’t it?), we’re about to hit that wild “euphoria” phase come July.
During that hype storm, we’ll likely see meme coins going parabolic, NFTs getting dragged back out of the grave, and Layer-2s lighting up like fireworks. Retail investors will pour in last minute—always do—right before the fall.
Leshka plans to cash out in August. Not because of panic, but ’cause last time he pulled it off early and avoided the carnage. He’s betting on an even tighter exit this round.
The Warnings Will Come—If You’re Watching
This isn’t just vibes and gut feelings. Leshka’s also watching some key on-chain indicators: MVRV, NUPL, and SOPR. Fancy names, but basically, they tell you when the market’s getting overheated. These three metrics flashed red weeks before the 2017 and 2021 crashes.
And no, you don’t have to nail the exact top. The trick is to leave while everyone else is still throwing confetti, not scrambling for the exits. Leshka says once those indicators flash again, he’s out. All of it.
Countdown To The Comedown
We’re still riding the wave, but every party ends. If Leshka’s timeline holds, Bitcoin peaks in July, gives us a fake sense of calm in August, and then—bam—a brutal crash from September to November. So, yeah… enjoy the rally while it lasts. But maybe don’t get too comfy.
