Analyst and trader Michaël van de Poppe is expressing optimism on digital assets after a significant correction in the crypto market. Van de Poppe, who has a substantial following on X with 770,900 followers, believes that altcoins have undergone a “capitulation” as billions of dollars worth of crypto assets were liquidated following the US tariffs on Canada, Mexico, and China.
Van de Poppe shares his insights on the future of the crypto market post-correction, stating that bear markets and trends typically end with massive, illiquid downward wicks followed by a quick bounce upwards and a subsequent rally. Drawing parallels to the crypto market crash in March 2020 during the Covid-19 pandemic, he notes that Bitcoin and altcoins experienced a similar deep correction before embarking on a multi-year uptrend.
The recent correction saw approximately $2.27 billion worth of crypto being liquidated in the past 24 hours, according to data from CoinGlass, a cryptocurrency futures platform. Looking ahead, Van de Poppe advises retail crypto investors to emulate the strategies of institutional investors during times of panic and uncertainty. He suggests that while retail investors tend to sell during such periods, large investors are actively buying, indicating that retail investors should consider buying Bitcoin and altcoins and holding onto them.
As of the time of writing, Bitcoin is trading at $101,103. Van de Poppe’s insights are accompanied by an image from his social media platform, showcasing his analysis on the current market situation. To stay updated on the latest developments in the crypto space, readers are encouraged to subscribe for email alerts and follow The Daily Hodl on X, Facebook, and Telegram.
In conclusion, Van de Poppe’s bullish stance on digital assets post-correction offers a ray of hope for investors in the volatile crypto market. By adopting a long-term investment approach and observing the behavior of institutional investors, retail investors can navigate market uncertainties and potentially benefit from future market rallies.