Ansem: In the short term, has shifted from bullish to short selling; US stocks may have reached the end of the macroeconomic cycle.

BlockBeats news, October 29 — Well-known trader Ansem stated on the podcast "Market Bubble" that he has recently shifted from bullish to bearish, "having reduced positions and taken profits over the past few days, while also shorting a portion."

Regarding equities, Ansem believes mainstream names have already seen massive gains, accumulating substantial unrealized profits with hardly any meaningful pullback. Significant de-risking and profit-taking are now beginning. He believes US stocks may have reached the tail end of the macro cycle, with capital withdrawing.

On crypto, Ansem believes crypto performed strongly in Q3, but it may only be a counter-trend bounce rather than the start of a new bull market. Crypto had already front-run equities' weakness, bouncing after being oversold ahead of time; now if equities continue to weaken, they could drag crypto down with them. Bitcoin could pull back to around $70,000.

However, Ansem said on the program that he remains bullish on tokenized equities, viewing it as "a key path to bringing more traditional capital on-chain. The catalyst for the next wave of real users and capital inflows, rather than just bear-market scraps." Ansem also reiterated his bullishness on the ZEC token, emphasizing its "privacy Bitcoin" attributes.