Anthony Sassano joins Bankless to explain why this crypto cycle is different from all previous ones. He argues that the traditional 4-year cycle is no longer relevant and breaks down Ethereum’s positioning, recent volatility, and what’s next for ETH.
Anthony’s Outlook – Key Points
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4-Year Cycle is Dead – Market behavior no longer fits the BTC → ETH → altcoin pattern. Bitcoin peaked before the halving, altcoins lagged, and meme coins had only a brief run.
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Market Maturity Shifts Structure – With ETFs, institutional flows, and changing macro conditions, crypto moves less like retail-dominated cycles and more like traditional markets.
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ETH Set for Long-Term Strength – Despite volatility, Ethereum is thriving with institutional adoption, leadership in stablecoins, and major scaling upgrades (e.g., Fusaka, blobs, ZK tech).
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October 10 Crash Explained – Sassano suggests a mix of forced liquidations and offshore exchange manipulation may have triggered the historic altcoin wipeout.
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DATs & Liquidity Pressure – Sassano pushes back on claims that DATs are neutral, saying timing and market depth affect their net market impact.
Final Takeaway
This isn’t a typical crypto cycle. Ethereum’s fundamentals are stronger than ever, and with institutional flows growing, the next phase won’t mirror past cycles. Be ready for a more complex, less predictable market.
