According to Michaël van de Poppe, sharp Bitcoin (BTC) selloffs typically mark the low rather than precede another crash, citing LUNA, FTX, COVID, August 2023, and February 2025 as examples, and he adds the latest drop is likely similar; source: X post on Nov 26, 2025. For trading, his view implies maintaining a constructive bias near capitulation lows and favoring accumulation over expecting a second leg down after heavy flushes; source: X post on Nov 26, 2025.