According to @CryptoMichNL, the recent BTC crash represents final capitulation and has turned sentiment broadly bearish (source: X post by @CryptoMichNL on Nov 26, 2025). According to @CryptoMichNL, despite the sell-off, he states the current crypto cycle is far from over, indicating his ongoing bullish cycle view (source: X post by @CryptoMichNL on Nov 26, 2025).