Analyst Willy Woo has suggested that the next cryptocurrency bear market might be triggered by a downturn in the business cycle, a factor not previously observed in the crypto sector. Woo highlighted that while past bear markets were influenced by Bitcoin halvings and changes in the M2 money supply, the upcoming market downturn could align with traditional economic cycles. He drew parallels to the 2001 dot-com crash and the 2008 financial crisis, both of which led to significant economic contractions. Woo emphasized that the cryptocurrency market is not immune to broader economic trends, particularly those affecting liquidity. Although a recession is not currently anticipated, trade tariffs are expected to impact growth through 2026, according to the National Bureau of Economic Research's tracking of key recession indicators.