Analyst Willy Woo has expressed concerns that the next bear market in crypto could arise from a downturn in the traditional business cycle, which hasn’t been experienced in the crypto market before. He points to prior bear markets being influenced by Bitcoin halving events.
Woo emphasizes the importance of the economic environment, stating that rising unemployment and declining GDP can significantly impact liquidity in crypto markets, showcasing their interconnectedness with broader economic cycles. The current cycle is complicated by trade tariffs affecting growth into early 2026.
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