Analyst Alex Krüger Suggests Recent Sell-Off May Mark Crypto Market Bottom

Macro analyst Alex Krüger suggests the recent crypto market sell-off may indicate a tradable low, likening it to last year's August crash. Key points include:

The current decline is seen as a shakeout rather than a new downtrend.
This sell-off mirrors macroeconomic factors similar to those preceding the August 2024 crash.
PCE inflation rose to 2.6% year-over-year, with core PCE at 2.8%, above forecasts.
Mixed Q2 earnings from major tech companies contributed to a risk-off sentiment.
Disappointing results from Coinbase added bearish pressure on crypto sentiment.
Geopolitical tensions, including US nuclear submarine repositioning, heightened market stress.
Krüger identifies potential bullish developments from the SEC's “Project Crypto,” aimed at modernizing securities rules.
He anticipates crypto could bottom alongside equities on Monday, viewing this as a continuation of the August pattern.
Longer-term outlook remains bullish, contingent on macro conditions, with a Bitcoin target of $200,000–$250,000 by mid-2026.

Overall, Krüger emphasizes a cautious approach while remaining optimistic about the fourth quarter, highlighting ongoing economic strength and regulatory improvements.