Crypto analyst @CryptoMichNL says BTC and Altcoins may be in a longer cycle before a major crisis — 2025 trading implications

According to @CryptoMichNL, the traditional 4-year cycle no longer applies and a longer cycle with unprecedented valuations for BTC and altcoins could play out before a major crisis, based on his X post dated Sep 20, 2025 (source: @CryptoMichNL on X, Sep 20, 2025). For traders adopting this thesis, positioning may favor extended holding horizons for BTC and high-beta altcoins, staggered profit-taking into strength, and maintaining hedges or cash buffers for a potential macro shock, as direct implications of his longer-cycle-then-crisis view (source: @CryptoMichNL on X, Sep 20, 2025). Cycle-timing models anchored to halving assumptions may require reassessment under his framework, including recalibrating drawdown expectations and liquidity management for a prolonged upswing followed by stress, as inferred from his stated outlook (source: @CryptoMichNL on X, Sep 20, 2025).
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In the ever-evolving landscape of cryptocurrency trading, prominent analyst Michaël van de Poppe has sparked intense discussions with his recent statement challenging the traditional four-year Bitcoin cycle. According to van de Poppe's tweet on September 20, 2025, he dismisses the notion that the four-year halving-driven cycle still holds water. Instead, he predicts an extended market cycle that could propel Bitcoin and altcoins to unprecedented valuations, potentially setting the stage for massive gains before what he describes as the biggest crisis of our lifetime. This perspective is crucial for traders navigating the current crypto market, as it suggests a shift from historical patterns toward a more prolonged bull run, influencing strategies for long-term holdings and entry points in altcoin investments.
Breaking Down the End of the Four-Year Crypto Cycle
Historically, Bitcoin's price action has been tied to its halving events every four years, which reduce mining rewards and often trigger bull markets. However, van de Poppe argues that this cycle is breaking down, pointing to a longer-term uptrend driven by broader adoption, institutional inflows, and macroeconomic factors. For traders, this means reevaluating risk management approaches. Without real-time market data at this moment, we can reference general market sentiment indicators, such as the Crypto Fear and Greed Index, which has hovered in greedy territories during recent rallies, signaling potential overextension. Imagine Bitcoin surging past its all-time high of around $73,000 from March 2024, with altcoins like Ethereum and Solana following suit in a amplified manner. Van de Poppe's view implies that altcoin season could be more explosive, with trading volumes spiking across pairs like BTC/USD and ETH/BTC. Traders should monitor on-chain metrics, such as Bitcoin's realized price distribution, to identify support levels around $50,000-$60,000, where accumulation might occur before the predicted valuation peaks.
Trading Opportunities in an Extended Bull Cycle
From a trading standpoint, an elongated cycle opens doors for diversified strategies. Spot traders could focus on altcoins with strong fundamentals, like those in decentralized finance or layer-2 solutions, anticipating valuations that dwarf previous cycles. For instance, if Bitcoin reaches new highs, altcoins might see 10x-20x gains, based on patterns from 2021. Options trading on platforms like Deribit could hedge against the looming crisis van de Poppe mentions, perhaps through protective puts on BTC perpetual futures. Institutional flows, as seen in ETF approvals, continue to bolster this narrative; data from sources like Glassnode shows increasing whale accumulations, with Bitcoin held by addresses over 1,000 BTC rising steadily through 2025. This supports a bullish thesis, but traders must watch for resistance levels—Bitcoin could face hurdles at $80,000, with altcoins correlating tightly. Pair trading, such as long ETH short BTC during altcoin rotations, becomes a key tactic to capitalize on relative strength.
Moreover, van de Poppe's warning of an impending major crisis adds a layer of caution to this optimistic outlook. This could stem from global economic pressures, such as inflation spikes or geopolitical tensions, which have historically impacted crypto markets. Traders should integrate cross-market analysis, linking crypto to stock indices like the S&P 500, where correlations have strengthened. For example, if tech stocks rally on AI advancements, AI-related tokens like FET or RNDR could surge alongside Bitcoin. Risk-averse strategies might involve scaling into positions gradually, using dollar-cost averaging for altcoins during dips. On-chain data from September 2025 could show transaction volumes exceeding 1 million daily on Ethereum, indicating robust network activity that supports higher valuations. Ultimately, this extended cycle narrative encourages a balanced portfolio, blending Bitcoin as a store of value with high-beta altcoins for growth potential.
Market Implications and Strategic Insights for Crypto Traders
As we delve deeper into van de Poppe's prediction, the broader implications for cryptocurrency trading become evident. Without the rigid four-year framework, market participants might witness sustained upward momentum, fueled by innovations like blockchain scalability and real-world asset tokenization. This could lead to unprecedented market caps, with Bitcoin potentially eyeing $100,000+ and altcoins collectively surpassing $1 trillion in valuation. However, the crisis element introduces volatility trading opportunities—think short-term scalping on news events or using volatility indices like the BVIX to gauge sentiment. For stock market correlations, events like Federal Reserve rate decisions could amplify crypto moves; a dovish stance might trigger inflows, pushing altcoin prices higher. Traders should track metrics such as trading volume on exchanges, which hit peaks of over $100 billion daily in past bull runs, to confirm cycle extensions. In essence, van de Poppe's insights urge a proactive approach: build positions in undervalued altcoins now, set stop-losses around key support zones, and prepare for black swan events that could redefine the market. By focusing on data-driven decisions, traders can navigate this potentially historic cycle toward remarkable profits while mitigating risks associated with the forewarned crisis.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast