According to Michaël van de Poppe (@CryptoMichNL), the current crypto market reaction closely resembles the COVID-crash, with altcoin indicators plunging and Bitcoin (BTC) experiencing a sharp downturn. Van de Poppe notes that although the present downturn is less severe than the COVID-triggered market crash, traders should recognize the heightened sensitivity of both altcoins and BTC to even minor news events (Source: Twitter/@CryptoMichNL, June 22, 2025). This pattern suggests potential for high short-term volatility, increased liquidation risk, and swift market reversals, making risk management crucial for crypto traders.

According to Eric Balchunas, purchasing SPY at the end of 2019, even after a 29% gain, and holding through the COVID crash results in a cumulative gain of 66% to date, translating to an annual return of 10%. This performance exceeds SPY's historical average, showcasing the benefits of long-term holding and dollar-cost averaging (DCA) strategies.

According to Crypto Rover, the S&P 500 and NASDAQ 100 are currently experiencing their worst trading day since the COVID crash of 2020. This significant downturn is impacting market sentiment and could influence investor behavior in the cryptocurrency markets as well.

According to Michaël van de Poppe, the current slow resurgence in investor interest in Bitcoin and Altcoins mirrors the gradual recovery seen after the COVID crash. Investors are beginning to show eagerness to buy, which could lead to increased market momentum, similar to past trends. Source: [Michaël van de Poppe on Twitter](https://twitter.com/CryptoMichNL/status/1891176466043355210)

According to Michaël van de Poppe, the recent altcoin market collapse is comparable to the COVID crash, suggesting that while recovery takes time to build momentum, it can accelerate rapidly once underway. Van de Poppe emphasizes the need for patience and strategic positioning as traders anticipate potential swift movements once the market stabilizes and gains traction.