According to CryptoMichNL, the current market conditions may either mark a low point or the beginning of a major crisis. This situation is described as binary: either there will be a V-shaped recovery, with Bitcoin (BTC) emerging as a safe haven asset alongside Gold, and Ethereum (ETH) taking a leading role in decentralized finance (DeFi) as a safe haven for banking systems. The analyst believes that the market is moving towards this scenario.