BLZ guys, the market is giving opportunities again, I don't know how long this correction will last, but $BTC can aim for 98k, I hope not.
Currently, the cryptocurrency market is facing a downturn, reflected in various news and the general sentiment of investors.
Fear and Greed Index
Current Index: 60 (Greed)
Although the index indicates a feeling of greed, the reality of the market shows significant selling pressure.
Main News Related to the Market Drop
1. The return of trading pessimism led to a drop in the futures market
Summary: Pessimism in trading resulted in a drop in futures prices.
Date: May 30, 2025
Outlook: Bearish
2. The market lost almost all its gains, suspecting a pump and dump scheme
Summary: The market lost almost all its gains, raising suspicions about a possible manipulation scheme.
Date: May 29, 2025
Outlook: Bearish
3. Brazil announces budget consolidation measures that triggered a sell-off in the market
Summary: The announcement of budget consolidation measures in Brazil led to a sell-off in the market, evoking a feeling of déjà vu among investors.
Date: May 26, 2025
Outlook: Bearish
4. Recession bets on Polymarket have decreased significantly, while trading volume has increased
Summary: Bets on a recession have decreased, despite the increase in trading volume.
Date: May 12, 2025
Outlook: Bearish
5. The market expects a cut in interest rates, but the likelihood is low
Summary: Although there is an expectation of interest rate cuts, the probability of this happening is considered low.
Date: May 12, 2025
Outlook: Bearish
Conclusion
The cryptocurrency market is under pressure, with various news indicating a negative sentiment and possible market manipulation. Investors should be vigilant about fluctuations and consider risk mitigation strategies.#NewsAboutCrypto #AI16ZUSDT
