Ansem Turns Bearish on Bitcoin, Ether and Large-Cap Stocks

Crypto trader Ansem said Monday he is bearish on Bitcoin (BTC), Ether (ETH) and large-cap stocks and expects sharp moves in both directions in the fourth quarter. This week’s Federal Reserve rate decision and company earnings add event risk.

His near-term view does not extend to the longer-term market outlook, Ansem said. The market could pull back first and then resume rising, he said, while some on-chain assets may still perform well.

Ansem does not expect retail speculation to cool significantly. He also said popular AI stocks made lower highs after a run-up and lost their previous trend.

The comments add a near-term caveat to Ansem’s earlier bullish fourth-quarter view tied to Solana positions.