It's the 4th time in a year that we have this type of move, a controlled down-only price action with no bounce for several consecutive days.
And even if you can always rationalize it once it's over, not a single time has there been an "obvious" catalyst for these dumps.
Very different situation compared to 2022, where basically each leg down had a clear explanation (Luna, then 3AC, then FTX, then the USDC depeg).
What should we make of that? I don't really know, but I liked it better when we all knew why the market was collapsing
#Market_Update $BTC
And even if you can always rationalize it once it's over, not a single time has there been an "obvious" catalyst for these dumps.
Very different situation compared to 2022, where basically each leg down had a clear explanation (Luna, then 3AC, then FTX, then the USDC depeg).
What should we make of that? I don't really know, but I liked it better when we all knew why the market was collapsing
#Market_Update $BTC
