Opinion: The crypto market has not reached "frenzy levels," and a large-scale capitulation sell-off is unlikely.

According to a report by Cointelegraph, macroeconomist Lyn Alden stated that she believes Bitcoin and the broader cryptocurrency market are unlikely to experience a significant crash at this stage.

"We haven't reached frenzied levels in this cycle yet; therefore, there are fewer reasons to expect that kind of massive capitulation sell-off," Lyn Alden said on the "What Bitcoin Did" podcast. She believes that the market cycle may last longer than people expect because it is no longer driven by the "halving" event, but by the broader macro environment and interest in the assets themselves, thus denying that the four-year cycle theory is still valid.

However, not everyone agrees with her view. Vineet Budki, CEO of Sigma Capital, recently told Cointelegraph that he expects Bitcoin to retrace 65% to 70% over the next two years.

Lyn Alden stated that market outcomes are usually not as good or as bad as investors imagine.

Bitcoin has been on a downtrend since hitting an all-time high of $125,100 on October 5, falling as low as $80,700 on Thursday before recovering slightly to $85,710 at the time of this report. Bitcoin has fallen 22.46% in the past 30 days.

Lyn Alden stated that investors need to stop taking bull markets for granted, adding, "Nobody takes bull markets for granted." She predicts Bitcoin will reclaim the $100,000 level in 2026 and reach a new all-time high in the same year or 2027.