Taking to X on January 5, Antonio Juliano, the founder of dYdX, a decentralized exchange (DEX), expressed skepticism regarding the current crypto bull run. Juliano attributed the recent price surge to “light trading volumes.” This formation might, despite the overall confidence, not sustain the uptrend. Founder: This Bull Run Is Different, Participation Is Low Juliano asserted that a true bull cycle is not defined solely by price action but by participation and community enthusiasm. The founder continued that this “does not seem to be happening yet.” Related Reading: Ethereum Mega Whales Continue To Buy: Do They Know Something You Don’t? The founder attributed the lack of widespread adoption to the absence of “groundbreaking” products that have captured the attention of a “broader” audience. However, releasing these “products” to the market could revive activity, driving crypto trading volume. Juliano’s comments come ahead of the potential approval of the first spot Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). Among several applicants are Fidelity, Grayscale, and BlackRock. Insiders claim the agency could approve the first p ..
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