Ansem: The market will correct in the short term; he is bearish on BTC, ETH and large-cap tech stocks, and expects market volatility to intensify in the fourth quarter.
55 minutes ago
Renowned crypto trader Ansem posted that he is bearish on Bitcoin (BTC), Ethereum (ETH), and large-cap stocks, noting that both BTC and ETH have broken below their medium-term trend lines and are poised to accelerate declines below $82,000 and $2,400 respectively. Ansem pointed out that this week’s Federal Reserve policy meeting and key earnings reports from multiple companies will bring significant event risks, and he expects heightened two-way market volatility in the fourth quarter, though some on-chain assets may still perform well. Regarding U.S. stocks, he believes the parabolic rally of AI-favored stocks may have neared a near-term peak, and the previous breakout of the Nasdaq 100 could be a false breakout. As AI companies continue to pour massive capital expenditures, investors will focus more on whether these investments can translate into actual revenue and profits. Meta’s post-earnings stock drop, paired with market concerns over current AI model safety issues, has further amplified uncertainty. However, Ansem emphasized that he is not bearish on the longer term; his current assessment is that the market may first undergo a correction before resuming its upward trend.
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