Chris Burniske, co-founder of Placeholder, sees the recent crypto downturn as a natural market correction rather than the end of the bull cycle.
He argues that while fears of further declines persist, similar doubts have accompanied every major market bottom in crypto history.
Burniske believes many investors are capitulating at a time when patience could yield long-term gains. He warns that selling in moments of fear often leads to missing out on the recovery, emphasizing that impulsive decisions could leave traders sidelined. Instead, he suggests that those with available capital should gradually consider adding to their positions, especially when sentiment is at its lowest.
While there is always a risk of lower, I continue to believe this is a mid-bull pullback and that we haven’t seen “cycle top,” Burniske noted.
He also highlights the relationship between crypto and traditional markets, noting that altcoins led Bitcoin’s decline, influencing equities. If stock market weakness continues, he expects policymakers to step in with economic measures that could ultimately benefit crypto assets.
Despite the short-term turbulence, Burniske remains optimistic about the industry’s trajectory. He points to increasing institutional involvement and deeper blockchain integration into global finance as signs of long-term strength. He advises investors to focus on the bigger picture rather than reacting emotionally to short-term price swings.
Meanwhile, The global cryptocurrency market cap is currently $3.27 trillion, down 2.73% in the past 24 hours but up 57.23% year-over-year. Bitcoin (BTC) is leading with a market cap of $1.9 trillion, making up 58.15% of the total market. The recent market decline is attributed to outflows from U.S. spot Bitcoin ETFs, with redemptions surpassing $500 million for two consecutive weeks. Last week’s outflows were $559.41 million, following $585.65 million the week before, indicating ongoing investor caution. On February 21, withdrawals reached $62.77 million, reinforcing bearish sentiment.
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