Crypto markets, which peaked in December 2024, may be nearing a bottom, according to analyst Michaël van de Poppe. He suggests that the current macroeconomic conditions, including business and liquidity cycles, are aligning with historical turning points that typically precede bull runs in Bitcoin and altcoins. Van de Poppe highlights the unusually prolonged bear market and the treatment of crypto as a high-risk asset, making it sensitive to broader financial market conditions. Van de Poppe's analysis indicates that capital has recently shifted into gold and silver due to increased volatility and risk management. However, he predicts that as volatility in these metals decreases, interest in Bitcoin will likely rise. He notes that lower yields, falling interest rates, and weak economic data could further support a shift back to Bitcoin, potentially leading to a market recovery.