GREED INDEX
This decline, which occurred at $BTC and was not temporary, was entirely due to the dominance of the greed index and the inflation caused by the unconscious investor who was new to the crypto market. It also has the effects of the system normally crashing with the TAKER transaction after the previous period ATH was broken at $BTC .
Of course, we will not always see a consistently winning candlestick chart in the market. These declines will cause the investor who does not know the system to make emotional decisions and make irrational investments, and will alienate and scare the investor, whom we describe as a fool. Greed will also lead to temporary overvaluation and speculative bubbles in crypto assets. In this case, it is normal to experience high arbitrage decreases.
There is a rising trend, it is not broken yet, but I believe that after a big drop, the market will pause for a long time, saturating, and then the bull will continue where it left off. In this temporality, those who realize minimal profit in their portfolio and wait patiently will win.