Trader Ansem: Crypto Market May Fall Further If Stock Market Enters Larger Correction

深潮 TechFlow news, October 31: According to a post by trader Ansem, he is considering the possibility that the crypto market may have peaked earlier than the stock market in this cycle. If the recent rebound is only a counter-trend rally and the stock market is just beginning a larger correction, the crypto market could fall further.

Ansem said he is not fully convinced the market will move toward this scenario, but given the role of artificial intelligence and the stock market in driving risk appetite during this cycle, it is worth considering this possibility.

He also believes that even if both markets continue to decline in the short term, Bitcoin may bottom before the broader stock market; he will watch price reactions as the market approaches key levels.

Source: 深潮 TechFlow