A lot of investors are getting overleveraged towards the upside, meaning people are taking out long positions despite BTC and most of the market already making its run
which imo is more of a bet on apple earnings because the nasdaq drives the crypto market atm
a quick downside would liquidate long positions quickly sending btc spiraling downwards...basically this looks to be shaping up to be a repeat of the early bullish hopes that engulfed the market early in September before the bad cpi numbers dumped it on sep 12-13
honestly if btc and eth stall like it appears they are doing, we could see some interesting blowing off of tops on random poop coins on coinmarketcap lol
not financial advice
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