Crypto trader Ansem has turned bearish on Bitcoin (BTC) and Ethereum (ETH). He warns that both assets broke their mid-timeframe trend and could slide faster below $82,000 and $2,400.

Ansem also says being bullish onchain has become a contrarian position. In his view, sentiment is the worst he has seen in roughly nine years, and Bitcoin and ETH holders could face a deeper pullback.

Why Ansem Turned Bearish on Bitcoin Now

Ansem bases his call largely on stock market technicals. In his view, AI momentum stocks printed a parabolic blow-off top, a steep final surge that often marks the end of a rally. A lower high and a broken trend followed.

Meanwhile, he says even…