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Has the good/bad news all been priced in? Two sides of the online perspective, what do you think?

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Has the good/bad news all been priced in? Two sides of the online perspective, what do you think?

The cryptocurrency market has recently experienced a significant decline, with ETFs continuing to see net outflows, a lack of long-term themes and external new funds, contrasting sharply with the repeated new highs in traditional stocks. Bitcoin is at 61K, while ETH remains at 3300. Do you think the next step is to remain optimistic or to spiral downward? Two Key Opinion Leaders (KOLs) on Twitter have expressed two different views, which may represent the calculations of both long and short positions.

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Andrew Kang Bearish: I Don't Believe the Support Can Hold

Key Opinion Leader (KOL) Andrew Kang, who has been bearish recently, stated that with news of Mt.Gox distributing Bitcoin, the German government selling coins, and outflows from ETFs, he does not believe that the support levels and ranges can hold. Furthermore, Nvidia's stock price appears to have reached a short-term peak, possibly indicating the related correlation that technology stocks may bring.

Continuous billion-dollar outflows from ETFs

Currently, the only buyers left are leveraged and short-term traders, a trading scenario that typically leads to billions of dollars being dumped.

A few days ago, Andrew Kang predicted that he expects to see a new high for Bitcoin in 2025, but the competitive altcoins may not necessarily follow suit. He also does not rule out facing extreme price corrections within a few months.

Andrew Kang: Ethereum is not Nvidia, with poor fundamentals more akin to Intel

Is the cooling off of meme coins impacting Solana? Andrew Kang predicts SOL may fall to $80

Reasons to be Bullish! Deutscher:

KOL Miles Deutscher believes that in fact, it is also easy to find reasons to be bullish.

  • November U.S. presidential election
  • Crypto-friendly regulatory stance
  • ETH ETF set to launch
  • Profits from traditional stocks shifting to cryptocurrencies
  • Market oversold / bearish sentiment reaching its peak

There can be many favorable or unfavorable reasons to consider, which can prevent one from falling into biases.