According to Miles Deutscher, the recent severe sell-off in cryptocurrency markets is due to a loss of belief among investors. Deutscher highlights that as hope diminishes, the market lacks a bottom, leading to altcoins dropping by as much as 90% from their highs. This is attributed to the absence of genuine bidders, with the market being dominated by speculators.

According to CryptoMichNL, NVDA stock is not advisable to buy at the moment. He describes it as a prime example of a debt-driven bubble, with speculators expecting further significant gains. He suggests that we are at the late stage of this market cycle, and NVDA's current situation reflects that.