Analyst Michael van de Poppe calls the recent altcoin dip a “capitulation phase.”
He revealed a portfolio rebalancing strategy to buy into fear and lower his cost basis
His philosophy is to invest in fundamentally sound projects when they are oversold
Prominent crypto analyst Michael van de Poppe has delivered a detailed breakdown of the recent chaos gripping the crypto markets, shedding light on how he’s navigating what he calls a “capitulation phase” in altcoins. His strategy offers a playbook for turning a market-wide panic into a calculated opportunity.
Van de Poppe’s Detailed Analysis
Van de Poppe opened with a stark observation: Not long ago, Bitcoin dipped below $100,000, sending shockwaves across the broader crypto landscape. Altcoins were hit even harder, with many printing all-time lows or revisiting cycle bottoms.
He attributes the crash to escalating geopolitical turmoil, which acted as the primary destabilizer. Drawing a parallel to the COVID-19 crash, when BitMEX liquidations briefly sent Bitcoin to $3.7K, he noted that in both cases, fear-driven news events triggered mass sell-offs.
This created what he sees as a prime long-term …
The post Bottom Finally in for Altcoins? Top Analyst’s Take on How to Trade the Altcoin Capitulation Phase appeared first on Coin Edition.
