🥶 Crypto and stock markets have crashed so hard, rarely seeing top coins drop so much. What is the cause?
👉 First: People are afraid of the possibility of an economic recession, so they want to sell investment assets for safe cash.
👉 Monday: Legendary investor Warren Buffett said his Berkshire Hathaway group sold nearly half of the Apple shares they held and the company's cash amount increased to a record $276.9 billion. This makes investors even more scared because Warren's influence is huge.
👉Third: The situation in the Middle East is increasingly tense, causing fears of widespread war to return.
👉 Wednesday: Jump capital sold all of its $ETH assets at the risk of being investigated by the US Commodities Commission and banned from operations.
This action caused#Ethereumand other coins in the system to drop sharply today.
👉 Thursday: The market has been falling over the past few months, people have gradually lost confidence as well as DCA has run out of money, combined with an overwhelming fear mentality, so just a small amount of selling causes the price to drop very quickly because there is no more power. Buying large enough also triggers a panic sell
👉 Friday: Long - Short liquidation when nearly 400M USD was liquidated in one hour. Including 349M Long orders and 49M Short orders.
👉 Saturday: The Japanese stock market crashed sharply due to a new interest rate increase after 30 years.
About to record the largest 2-day decrease in history, South Korea blocked sell orders to prevent the market from collapsing
