- Ash Crypto recalls Bitcoin’s 2024 recovery, where prices surged 60% in 45 days, reigniting hopes of another rapid market turnaround.
- Favorable macro factors, including rate cuts, QT ending, and renewed liquidity, strengthen the case for an imminent Bitcoin market rebound.
- Arthur Hayes confirms QT is over, signaling expanding liquidity that could transform November’s Bitcoin setup into a powerful launchpad.
Bitcoin November Setup has become the center of market discussion as early-month weakness raises familiar questions: is this a correction before liftoff or the start of deeper losses? Traders are comparing current conditions to November 2024, when a similar dip turned into one of crypto’s fastest rallies.
2024’s Pattern Returns to the Spotlight
Well-known analyst Ash Crypto went back to the 2024 cycle to remind investors how quickly sentiment can flip. At that time, Bitcoin fell from $71,000 to $66,000, sparking fear of a complete opposite. Yet, it took just 45 days for Bitcoin to increase 60% to $108,000, while Ethereum (ETH) recovered 75% and altcoin market cap jumped 138%, sending several tokens 5x–10x or larger.
Ash pointed out that this cycle’s timing mirrors that exact setup. The market is once again in early November, facing a sharp pullback after months of strength. According to his post, such moments have historically preceded periods of parabolic recovery, not collapse. His reminder is prompting renewed debate over whether this Bitcoin November Setup will deliver another rapid upswing.
Macro Liquidity May Trigger a Turnaround
Ash outlined several macro developments that could set the stage for another breakout. The Federal Reserve is widely expected to cut rates in December, ending Quantitative Tightening (QT) on December 1, with Quantitative Easing (QE) already resurfacing through Treasury bill purchases.
He also mentioned the U.S.-China trade deal, gold reaching new highs, and U.S. equities hitting records, all signaling expanding liquidity. For Ash, it is difficult to reconcile this backdrop with crypto’s subdued performance. He argued that such alignment of global liquidity has historically fueled strong digital asset rallies.
Despite the short-term volatility, Ash affirmed his conviction, writing, “I’m not fcking leaving, I’m still bullish.” His stance reflects confidence that the Bitcoin November Setup could be the foundation for the next major market advance.
Arthur Hayes Echoes the Sentiment
Adding weight to this view, BitMEX co-founder Arthur Hayes declared, “There you have it, QT is over. Back up the truck and buy everything.” His statement aligns with the belief that tightening has ended and liquidity expansion is back in play.
If past cycles serve as a guide, the present conditions resemble the launchpad phase that preceded 2024’s explosive move. With macro policy shifting and investor sentiment near exhaustion, the market may again turn upward faster than expected.
As November unfolds, traders are left asking the same question: is this month’s Bitcoin November Setup a final shakeout — or the start of another 45-day rally?
