Analyst: Based on historical patterns, crypto markets may take more than two months to fully recover

Odaily News Matthew Hyland, a cryptocurrency analyst, wrote on X that US President Trump’s tariff threat triggered a massive cryptocurrency liquidation, and the market may not recover until April. “It will take at least 2 months or even longer for most altcoins to reach their highs in December last year, so don’t hold out too much hope. It is expected to take time.”
Hyland’s prediction is based on the fact that Feb. 3 was “the largest liquidation event in cryptocurrency history,” with more than $2.24 billion liquidated in the cryptocurrency market in 24 hours. Some cryptocurrency commentators believe that number could be much higher.
Ben Zhou, co-founder and CEO of Bybit, said: “I am afraid that the actual total liquidation amount on that day is far more than $2 billion. According to my estimate, it should be at least around $8-10 billion.”
Hyland believes this shows that "the low has been reached," but he warned that other events in 2020 and 2022 caused similar market disruptions "but took more than two months to fully recover." (Cointelegraph)