Many investors are selling after recent highs, especially in altcoins, pushing prices down.
- Expiration of options contracts: About $3.6 billion in crypto options recently expired, generating volatility and mass liquidations.
- Whale movement: An inactive wallet with over 80,000 BTC was activated, creating fear of large-scale selling and causing panic in the market.
- Regulatory caution: The expectation of new regulations in the US is making investors more conservative, reducing risk appetite.
- Rise in interest rates in Brazil: The Selic rate was raised to 15%, making traditional investments more attractive and reducing the flow to volatile assets like cryptocurrencies.
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