Crypto Assets winter is coming? Five experts stated: no need to worry, the outlook is still bullish.

According to Cryptonews, Bitcoin briefly fell below $90,000 on Tuesday—despite an extraordinary performance in 2025, it has incurred losses so far this year. Meanwhile, the total market capitalization of Crypto Assets is facing a real risk of dropping below $3 trillion.

All of this points to a larger question: Is the crypto assets winter approaching? Has the next bear market already arrived? Should investors hold their positions or sell off? Five experts share their views on this:

Bitwise research analyst Danny Nelson is dismissive of concerns regarding an impending crypto winter and believes the outlook remains bullish. He stated:

“Crypto Assets have institutional favorable factors and an increasingly clear regulatory environment. Its development prospects are brighter now than ever before. The recent fall trend is due to uncertainties in the macro economy. Whenever investors feel uneasy about economic indicators, those asset classes perceived as higher risk are the first to be impacted. We believe the current price lays a strong foundation for significant growth in 2026.”

Senior Researcher Tim Sun agreed with this. Although he acknowledged that Bitcoin and the entire altcoin market have technically entered a bear market, he believes we are still far from a Crypto Assets winter — systemic collapse “remains full of uncertainties.”

“Compared to past bear markets, the crypto assets industry has experienced significant deleveraging and liquidation, but has not faced a seismic crisis similar to FTX. At the same time, we have seen continuous progress in asset tokenization, stablecoins, and regulation—all of which are developing in a direction beneficial to the overall industry.”

Timot Lamarre, the Director of Market Research at Unchained, stated that the timing of this fall is concerning based on historical cycles - but there are also some key differences worth noting.

“First of all, all previous bear markets have experienced a price surge before the top rebound. However, we have not seen this situation in this cycle. It is also important to remember that Bitcoin is a barometer of global market liquidity. Since Bitcoin last reached its all-time high, market liquidity has significantly decreased, especially during the US government shutdown. As the US government continues to inject liquidity into the market, it is expected that the price of Bitcoin will benefit.”

Lamarre believes that if the Federal Reserve fails to increase market liquidity, Bitcoin may fall further – but he adds that investors who take advantage of the downturn often “find themselves holding more Bitcoin to prepare for the possible upcoming bull market.”

The CEO of Two Prime, Alexander Blume, believes that the developments in regulation, fiscal, and monetary policy indicate that Bitcoin will continue to maintain an upward momentum, but it is “not all smooth sailing.” He told Cryptonews:

“In fact, the market is well-prepared for the continued rise of Bitcoin. First, a price fall of 25% to 30% is a common correction for Bitcoin, and it has even occurred several times during the upward trend of the past 18 months. This deleveraging and capital rotation are healthy, as it hands Bitcoin over to those steadfast holders who wish to hold it for the long term.”

Exodus's Chief Financial Officer James Gernetske admitted that it is difficult to predict when the crypto assets winter will arrive—because the debate about whether the four-year cycle still applies, or whether it has become irrelevant due to global macroeconomic trends, is ongoing.

“I have experienced multiple bear and bull markets in the crypto assets market, and it is generally believed that people should focus on long-term investments. Unless it is gambling rather than investing, one should avoid excessive leverage. The fundamentals of the crypto assets industry are still the best I have seen in over five years, so I expect positive long-term development prospects for the industry.”

Most analysts indicate that closely monitoring the Federal Reserve's movements is crucial, especially whether the Fed will continue to cut interest rates next month. According to the FedWatch tool from the Chicago Mercantile Exchange (CME), the likelihood of another rate cut is far from certain. Currently, the probability of maintaining borrowing costs unchanged is 53.4%, while a slight cut of 25 basis points has a probability of 44.6%, which would lower the target rate to 3.5% to 3.75%.

Tim Sun added: “If the expectations for monetary tightening gradually ease in the coming weeks, the market may be able to avoid evolving into a deeper crisis. However, if the interest rate and liquidity environment continues to deteriorate, risk assets may face a more severe secondary shock, which could even lead to a real crypto winter. For investors, the current market is extremely fragile, and volatility is higher than ever. As a high-risk asset, crypto assets react to changes in liquidity and expectations more violently than at any time before.”