Interesting take on where the crypto bull run could be heading. Jack Yi from Liquid Capital just shared his thoughts on X, and he's still pretty bullish despite the recent shakeups in the market. He's calling for ETH to potentially break past $10K and BTC to hit $200K territory. At current prices with ETH sitting around $2.06K and BTC at $67.30K, those targets would represent pretty significant moves, but that's exactly the kind of bull run narrative that keeps drawing people back into crypto.

What caught my attention is how he frames these market adjustments. He's not dismissing the recent volatility or the disappointment following the October 11 liquidity issues - he's actually acknowledging them. But here's the thing: he sees this as part of the natural risk management cycle rather than a sign the bull market is dead. According to Yi, this could actually be the optimal entry point if you're thinking about a three-year investment horizon.

He makes a solid point about crypto market history too. These dips have always shaken out weaker hands, but then the rebounds come. The volatility that scares people away is basically baked into how this market works. If the bull run narrative holds, these current price levels might look pretty cheap in hindsight. That's the crypto bull run story people are betting on right now.