CoinDesk Podcast Network Is Frenzy Fatigue Bringing Down the Crypto Market? | Markets Outlook
Nov 25, 2025
In this discussion, Beimnet Abebe, Head of Credit Trading at Galaxy, shares insights on the recent crypto market downturn. He attributes it to whale profit-taking, technical breakdowns, and investor fatigue. Abebe delves into defining real value in crypto, highlighting key technical markers. He also outlines the impact of recent liquidations and discusses how liquidity profiles are shifting. Finally, he speculates on future market stabilization factors, emphasizing the importance of structural equity flows and macroeconomic indicators.
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Why The Downturn Happened
- Beimnet Abebe says major sell-offs stem from whale profit-taking, technical breakdowns, and reassessed value expectations.
- He argues marginal capital now targets lower value areas after recent optimism was priced in.
Frenzy Fatigue Lowers Risk Appetite
- Beimnet Abebe highlights investor fatigue after frenzies left many DATs trading near or below MNAV.
- He notes losses have made investors more loss-averse and doubtful about long-run value accrual.
Use Technicals And Capitulation To Time Buys
- Buy dips around the 200-week moving average because it historically offers high hit rates.
- Wait for mass capitulation in alts to capture long-term value as a last-buyer strategy.
