The markets are getting crushed.
Is this the pullback before the major run up?
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The markets are getting crushed.
Is this the pullback before the major run up?
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I think it is good news and it might be the catalyst for that 100k BTC for the end of the year. After all they need to scare out a bunch of people before running upwards.
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20%, even 30% pullbacks are typical in a bullmarket, so I'm not worried.
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In a few hours?
Crypto is wild haha
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I'm pretty sure it has happened even in a few hour time frame, too, haha.
It looks like too many people bought "100 K till the end of the year" as fact and when it appears that it won't happen, they suddenly get cold feet and started panic selling. A lot of leverage didn't help either.
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Or this could be a reloading before the major run.
Sometimes a major sell off happens before the long run.
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I agree with taskmaster about the need to remove some people before running up. The markets generally don't do exactly what you expect so they need to flush out those that they can.
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Since it doesn't go really low, even with this crush we are still winner for most of the tokens. Prices have increase way more than they decreased
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