Luke Martin: 2019 bear market saw explosive one-day move after long period of low activity

Luke Martin: 2019 bear market saw explosive one-day move after long period of low activity
Bear market move recalls 2019

Luke Martin recalls that the last time there was such an explosive one-day move deep in a bear market was in April 2019.

According to Martin, volatility had previously disappeared, trading activity was minimal, and there were no clear catalysts. He compares the preceding six months in 2019 to the last six months, highlighting that a sudden $100 million buyer ultimately triggered a breakout.

Earlier this year, Luke Martin highlighted how crypto users can see gains as high as $2 million within a single hour after signing up for an app. He has also reported a significant increase in memecoin trading volumes, with onchain activity rising from 2 to 15 percent in three months. These observations add further context to the recent spike in volatility described by Martin.

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