Analyst: Crypto market has not yet reached "frenzy level", and a large-scale crash is unlikely

Lyn Alden, a macroeconomist, said a major crash in bitcoin and the cryptocurrency market as a whole was unlikely at the moment. "We have not yet reached mania levels in this cycle; therefore, there is no reason to expect a large-scale sell-off." Lyn Alden also dismissed the notion that the four-year cycle was still valid: "This cycle is likely to last longer than people expect because it is not driven by the halving, but by broader macroeconomic factors and interest in cryptocurrencies themselves."