<p>Popular cryptocurrency analyst Edo Farina, who has over 90k followers on X (Twitter), just <a href="https://x.com/edward_farina/status/1762992550787355085?s=20" target="_blank" rel="noopener noreferrer nofollow">made</a> a bearish call that the crypto markets could crash over 80% in the coming months. Farina is usually quite bullish on coins like XRP but says he feels the need to give an early warning on the euphoric market conditions.</p>
<p>In a lengthy tweet, Farina explained his views on why a major crash could be imminent:</p>
<p>“The market is going “parabolic” under poor economic conditions, when #BTC was around 20K was a great entry point as the halving was still far away (it is NOT a coincidence “Satoshi” programmed the halving to always happen few months before the US elections.) I’m just witnessing euphoria and arrogance from #BTC maxis.”</p>
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="591" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-591x1024.png" alt="" class="wp-image-445450" style="width: 100%;height:auto" srcset="https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-591x1024.png 591w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-173x300.png 173w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-768x1331.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-886x1536.png 886w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-1182x2048.png 1182w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-87x150.png 87w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-100x173.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-202x350.png 202w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081-788x1365.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/02/image-1081.png 828w" sizes="(max-width: 591px) 100vw, 591px">
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<p>Farina sees similarities between the current market euphoria and conditions before past crypto market crashes. He notes that Bitcoin’s recent surge above $60k comes during difficult economic times, and that the market euphoria reminds him of previous bubble peaks.</p>
<p>The analyst also warned that most crypto content creators are telling people to continuously “buy buy buy” without acknowledging the risks of a major crash. He worries these creators will disappear once a crash materializes.</p>
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<p>Farina expects any crash could start suddenly under low market volume conditions. With Bitcoin’s recent all-time high volume being double that of today, he thinks there won’t be enough liquidity to sustain prices in a panic selloff.</p>
<p>Most bearishly, Farina anticipates the potential trigger for the crash could come from a “Black Swan event” like the collapse of a major exchange or protocol. He cited recent issues at Coinbase as an example of the type of black swan that sparks wider crypto selling.</p>
<p>While Farina acknowledges Bitcoin could still reach new all-time highs in the short-term, he advises taking profits and reducing exposure now rather than facing potential losses of over 80% in a crypto market reset. His early warning stands in contrast to many others calling for new peaks, signaling rising unease among some analysts about current valuations.</p>
<p>Read also:</p>
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 <li><a href="https://captainaltcoin.com/ordi-and-aptos-apt-prices-pumping-heres-why/" target="_blank" rel="noopener noreferrer nofollow">ORDI and Aptos (APT) Prices Pumping – Here’s Why</a></li>
 <li><a href="https://captainaltcoin.com/dog-themed-solana-memecoin-bonks-price-surges-over-8-experts-say-resistance-zone-is-on-the-horizon-but-theres-a-catch/" target="_blank" rel="noopener noreferrer nofollow">Dog-Themed Solana Memecoin BONK’s Price Surges, Experts Say ‘Resistance Zone is on the Horizon’—But There’s a Catch</a></li>
 <li><a href="https://captainaltcoin.com/3-crypto-tokens-that-are-hidden-gems-in-the-market-and-are-set-for-massive-growth/" target="_blank" rel="noopener noreferrer nofollow">3 Crypto Tokens That Are Hidden Gems In The Market And Are Set For Massive Growth</a></li>
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<p>The post <a href="https://captainaltcoin.com/popular-crypto-analyst-expecting-80-bitcoin-price-crash-heres-why/" rel="noopener noreferrer nofollow">Popular Crypto Analyst Expecting 80% Bitcoin Price Crash – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Popular Crypto Analyst Expecting 80% Bitcoin Price Crash – Here’s Why

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