According to Michaël van de Poppe (@CryptoMichNL), the current crypto market reaction closely resembles the COVID-crash, with altcoin indicators plunging and Bitcoin (BTC) experiencing a sharp downturn. Van de Poppe notes that although the present downturn is less severe than the COVID-triggered market crash, traders should recognize the heightened sensitivity of both altcoins and BTC to even minor news events (Source: Twitter/@CryptoMichNL, June 22, 2025). This pattern suggests potential for high short-term volatility, increased liquidation risk, and swift market reversals, making risk management crucial for crypto traders.