The price dropped from $2530 to $2360, has it entered a bear market?
No need to panic, it's just a delivery.
Moreover, I also shared my views on the trend a few days ago, which seemed to be forming a door, so it's not surprising how it moves, and the price has been falling at the $2530 level yesterday, so it was still predictable.
Yesterday, the net outflow of ETH spot reached $253 million, and this outflow has been continuous for nearly 10 days. It's normal for the price not to rise, but it also can't drop further, it's still a bomb 💣
Now it has dropped, but there is still no target. I will maintain my target below, and it may be adjusted to go long at $2050.
Don't worry about BTC falling below $100,000; it will be pulled up soon. The accumulation of funds is still in BTC.
Additionally, the recent crypto market has not been as fast as the US stock market, and the large investors who have exited have gone to the US stock market. Is the crypto circle being abandoned? Is the crypto circle no longer a safe-haven asset?
