Analysts: The crypto market has not yet reached "frenzy levels" and a large-scale crash is unlikely.

 macroeconomist Lyn Alden stated that a major crash in Bitcoin and the entire cryptocurrency market is currently unlikely. "We have not yet reached a frenzy level in this cycle; therefore, there is no reason to expect a massive sell-off." Lyn Alden also refuted the claim that the four-year cycle is still valid: "This cycle may last longer than people expect because it is not driven by halving, but by broader macroeconomic factors and people's interest in cryptocurrencies themselves."