Trader Nachi: The market is unlikely to recover significantly before the end of the year, and crypto stocks such as Coinbase and Robinhood still have room to fall.

Bitcoin has fallen below the key $100,000 level, and the market has broken out of its pivot range. Renowned trader Nachi suggests increasing cash holdings and waiting for a bottom, predicting a significant recovery is unlikely before the end of the year, and advising short sellers to maintain flexibility.