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Here are 10 important points summarizing the warning by crypto analyst Nicholas Merten about a potential Bitcoin crash and its underlying factors: 1. Crypto analyst Nicholas Merten warns of a Bitcoin crash in a recent strategy session. 2. He suggests that Bitcoin could drop by nearly 63% from its current value. 3. The potential crash is attributed to Bitcoin entering a descending accumulation channel formed in 2021. 4. Merten raises concerns about the Federal Reserve's hawkish stance and the possibility of a recession affecting market liquidity. 5. Bitcoin has not experienced a recession before, and liquidity in the market is becoming scarcer. 6. Merten advises caution and modest expectations for Bitcoin's future performance. 7. He notes that the previous decade saw significant growth potential, halving events, and strong central bank support for Bitcoin. 8. However, he believes that the macroeconomic environment supporting Bitcoin's past growth may not return in the coming years. 9. Demographic changes and evolving macro factors may limit the central bank's aggressive interventions. 10. At the time of the warning, Bitcoin is trading at $27,019, with a 2.6% increase in the last 24 hours. #DeFiChallenge #DeFiTrends