Analyst: DAT liquidation and ETF outflows lead to a weak crypto market, Bitcoin still expected to reach new highs

ChainCatcher news, cryptocurrency analyst Miles Deutscher pointed out that the current weakness in the crypto market is mainly influenced by three factors: the pressure from DAT liquidation operations on Bitcoin and Ethereum, the exhaustion of ETF demand leading to consecutive net outflows, and the severe psychological and substantive impact of the events on October 10.

Nevertheless, he believes that a strong rebound in Bitcoin prices could fundamentally change market dynamics and is expected to reach new highs. Deutscher advises investors to focus on researching potential areas such as smart agents, robotics, RWA, and prediction markets during the market downturn, while closely monitoring changes in on-chain liquidity to be prepared for a market recovery.