Bitcoin Dominance Death Cross Signals Shift in Market Cycle

Crypto analyst Matthew Hyland believes that the market is entering a period of 'max opportunity' for digital currencies, with risk appetite shifting back toward crypto for the first time since 2016 and 2020.

Hyland's thesis rests on comparing three stretches he labels macro risk bear markets: 2014 to 2016, 2018 to 2020, and 2022 through 2026. In each of them, crypto performed poorly while the wider risk backdrop stayed hostile, only for conditions to flip and set off the sector's strongest runs.

'Macro-Risk is now exiting the Bear Market for the first time since Mid-2016 & Mid-2020,' he wrote, adding that this kind of setup produced 'max opportunity for the long term' both previous times it showed up.