Analyst: This crash may be a cyclical end event, and many altcoin projects may never recover from failure

ChainCatcher news, DeFiance Capital researcher Kyle posted on social media that, given the current market sentiment, the last time such a situation occurred was during the FTX or Celsius collapse. This drop can basically be considered a cycle-ending event, but this time BTC and ETH are surprisingly stable. The evolution of the crypto industry complex is indeed astonishing, but altcoins are clearly repeating the same tragedy—despite my repeated warnings over the past few months, I didn't expect it to be this severe.

In summary, this is not the "best" time to buy the dip, but it is definitely the time when one "should" buy the dip. Extreme panic has been released, and the market is building a bottom, although there may still be room for further declines. Looking at the bigger picture, we are definitely closer to the bottom than to the top. Choosing assets right now is crucial, as many projects may never recover.