Nicholas Merten from DataDash explains why Bitcoin’s recent crash was predictable and what comes next. He highlights leverage-driven liquidations, weak altcoin fundamentals, and the impact of global market trends.


Bitcoin Outlook

Key Highlights:
  • Bitcoin lost momentum after failing to hold the 21-day moving average, signaling weakness.

  • Leverage liquidations hit a record $1.9 billion, worse than the FTX crash, as traders were overexposed.

  • Exchanges benefit from liquidations, likely pushing Bitcoin toward $70,000 or lower.

  • Institutional buying isn’t enough to counteract heavy sell pressure.


Altcoins Are Struggling

Key Highlights:
  • Altcoins are collapsing, down 30-40%, with weak fundamentals and little investor confidence.

  • Meme coins and speculative tokens are getting wiped out, showing the market is risk-off.

  • No strong narratives exist, making it a bad time to bet on altcoins.


Ethereum and Solana Under Pressure

Key Highlights:
  • Ethereum is down over 70% from its highs, with high fees and no real innovation holding it back.

  • Solana and other major altcoins are also declining, proving no project is immune.


Macro Trends Are a Bigger Problem

Key Highlights:
  • AI is disrupting tech markets, with NVIDIA stock dropping after new competition emerged.

  • Big Tech is showing weakness, with Apple, Microsoft, and NVIDIA all at risk of deeper corrections.

  • Global trade tensions add more uncertainty, making risk assets like Bitcoin more volatile.

  • Bitcoin is not a safe-haven asset, it follows the stock market’s performance.


Final Thoughts

Nicholas expects Bitcoin to test the 200-day moving average, and warns that altcoins will continue to struggle. He advises staying on the sidelines, preserving capital, and waiting for clear signs of a market recovery before making new investments.

Now is not the time to gamble. Be patient, avoid leverage, and wait for real opportunities. 🚀