Ansem: The current cycle of the cryptocurrency market may peak earlier than the U.S. stock market, and Bitcoin may also hit bottom before the stock market

Cryptocurrency trader Ansem shared in a post that the cryptocurrency market may have peaked earlier than the U.S. stock market in this cycle. If the recent rebound is merely a counter-trend bounce, and the U.S. stock market has just begun a larger-scale adjustment, then the cryptocurrency market may still face a new round of declines.

Ansem pointed out that the risk appetite in this cycle has been largely driven by AI and the U.S. stock market trends, so it is worth considering the possibility that the cryptocurrency market does not peak in sync with the traditional stock market. However, he is not certain that the market will necessarily develop along this scenario and will remain open to judgment, paying attention to the price reactions of the two asset classes as they approach key price levels.

He also stated that even if the cryptocurrency market and the U.S. stock market continue to decline in the short term, Bitcoin may bottom out before the overall stock market.