CoinDesk Podcast Network Why Market Drawdown is the Best Time to Accumulate Hard Assets | Markets Outlook
Nov 21, 2025
Chris Sullivan, co-founder of Hyperion Decimus and a seasoned portfolio manager, shares insights on the current crypto market drawdown. He believes this 'seller exhaustion' phase presents a prime opportunity to accumulate hard assets. Drawing parallels to historical recovery patterns, he discusses how trend-following strategies indicate market maturity. Chris also highlights rising institutional interest and the unique position of Bitcoin amidst tokens facing dilution. His perspective on the shifting market dynamics is both enlightening and actionable.
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Feast On Fear To Deploy Capital
- Feast on fear: use market fear as an entry point to deploy capital into digital assets.
- Chris Sullivan recommends accumulating during seller exhaustion to capture asymmetry when markets turn.
Drawdown Stat Signals V-Shaped Recovery
- The current drawdown's Z-score is blown out and matches rare historical instances that preceded sharp V-shaped recoveries.
- Sullivan sees the downturn as a mechanical clearing that creates a strong backdrop to accumulate hard assets like Bitcoin.
Let Trend Strategies Manage Timing
- Use trend-following as a backstop: step aside during downtrends and re-enter on confirmed turns.
- Hyperion Decimus moved fully out of one fund and prepared to grab the turn, then rebalanced another fund only at the recent bottom.
