Opinion: In this cycle, the crypto market may peak earlier than US stocks, and Bitcoin may also bottom out before the stock market.

BlockBeats news, October 31 - Crypto trader Ansem shared his observations, stating that in this cycle, the crypto market may have already peaked earlier than US stocks. If the recent rebound is merely a counter-trend bounce and US stocks are just beginning a larger-scale correction, the crypto market could still face a new round of decline.

Ansem pointed out that risk appetite in this cycle has been largely driven by AI and US stock market trends, making it worth considering the possibility that the crypto market and traditional stock market may peak at different times. However, he is not certain the market will necessarily follow this scenario and will maintain an open judgment while watching price reactions as both asset classes approach key levels.

He also stated that even if the crypto market and US stocks continue to decline in the short term, Bitcoin may bottom earlier than the broader stock market.