According to Cas Abbé, the total cryptocurrency market cap has recently broken out above resistance in Q4 2024, followed by a pump and a retest in April 2025, before bouncing back and currently attempting another breakout. The analysis highlights that if the crypto market cap manages to close a weekly candle above $3.5 trillion, it could signal the start of a major bullish phase. This level is critical for traders as a sustained close above it may trigger significant upside momentum across major digital assets (Source: Cas Abbé on Twitter, June 2, 2025).