that was fast.
a few minutes ago the whole market was pushing higher and then suddenly someone pulled the floor.
$BTC dropped from around 78.5K toward 76.5K in one sharp move
$ETH got smacked from the 2,520 area toward 2,380
$BNB went from 724 to the 680s before trying to recover
what makes this interesting is all three moved almost at the same time. this does not look like one coin having a bad candle, it looks like a market-wide flush.
there are already buyers stepping back in, but after a move like this I would not rush to call the dip over.
for me the next few candles matter more than the first bounce. if BTC can get back above 77.8K–78K, the panic probably cools down. if not, this sudden drop may have another leg left.
crypto really gave everyone ten minutes to feel rich before reminding them where they are 😅
a few minutes ago the whole market was pushing higher and then suddenly someone pulled the floor.
$BTC dropped from around 78.5K toward 76.5K in one sharp move
$ETH got smacked from the 2,520 area toward 2,380
$BNB went from 724 to the 680s before trying to recover
what makes this interesting is all three moved almost at the same time. this does not look like one coin having a bad candle, it looks like a market-wide flush.
there are already buyers stepping back in, but after a move like this I would not rush to call the dip over.
for me the next few candles matter more than the first bounce. if BTC can get back above 77.8K–78K, the panic probably cools down. if not, this sudden drop may have another leg left.
crypto really gave everyone ten minutes to feel rich before reminding them where they are 😅