Crypto Analyst Who Accurately Predicted Bitcoin Collapse Says 'I'm 100% Out Of Market'

Popular cryptocurrency analyst ‘Capo of Crypto’ on Twitter said that market capitulation has started and the “coming week is going to be decisive.”

What Happened: Capo tweeted, “I'm 100% out of the market" amid the FTX FTT/USD collapse. This comes as apex crypto Bitcoin BTC/USD dropped 4.21%, trading at $16,010. Ethereum ETH/USD declined as much as 8%, trading at $1,121 in the last 24-hours.

It should be noted that Capo predicted this year’s Bitcoin collapse and said it is likely heading to new bear market lows. 

See More: Best Crypto Apps

Get Started

Start Your Crypto Journey Today and Get $500 in Rewards

Exclusively for new Crypto.com App users, unlock up to $500 worth of rewards in the most popular tokens when you start trading.

Get Started

On Sunday, the trader tweeted that it is “going to be a big week.” The pseudonymous analyst reiterated that “altcoins could drop 40-50% from here.”