Crypto Markets Wiped $1Trillion, but Raoul Pal sees a Strong Bitcoin Recovery — TradingView News
The crypto market is going through one of its toughest periods in over the past weeks, wiping out roughly $1 trillion from the market. Prices are falling fast, traders are panicking, and rumors about weakened market makers are adding more fear to the fire.
But while the drop looks scary, macro investor Raoul Pal believes this kind of heavy shake-out has happened before and often leads to strong recoveries.
Bitcoin’s Historical Pattern Repeating Again
In his post, Pal shared a striking long-term Bitcoin chart, comparing today’s drop with the shocking crash of 2021. Back then, Bitcoin fell 56% in just one month, Ethereum dropped 62%, and Solana plunged 68%.
Everyone panicked, and then the market suddenly flipped, and crypto exploded…
