Krüger: Market Fear Could Set Stage for Crypto Rebound, Fed Decision Looms
Crypto analyst Alex Krüger says the crypto market may be nearing a turning point, arguing that recent sell-offs have left charts “so broken and bearish they’re bullish.”
In a weekend post on X, the macroeconomist pointed to sharp liquidations in bitcoin (BTC $108,736.13) and ether (ETH) futures, where cascading losses forced leveraged traders out of positions. Such events, he noted, often mark the kind of panic that clears the path for stabilization.
Charts shared by Krüger showed BTC and ETH breaking below short-term uptrends, while solana (SOL $198.47) showed relative strength. He also flagged derivatives data: option skews leaning heavily toward puts, a sign of heightened fear and defensive positioning. For contrarians, he argued, that imbalance can be a bullish setup.
Still, Krüger cautioned that clear directional momentum may not arrive until after the Federal Reserve’s Sept. 17 policy decision. He expects the central bank to cut rates, a move that could add liquidity and support risk assets.
Krüger emphasized that the broader bull cycle remains intact, though he does not foresee a euphoric blow-off top like in past cycles. One exception, he said, could be solana, which continues to benefit from new inflows into its ecosystem.
“The time to bet on upside is when fear is loudest, not when celebrations begin,” Krüger wrote.
