The DOM has confirmed the downtrend in larger frames and the current wave is just a retracement before a stronger drop.
And the MM is achieving what they want:
- Currently, no one dares to borrow again due to fear, and futures liquidations are not as thick as a few weeks ago anymore.
=> The mindset of the gamblers has been worn down.
- Holders are in a 50/50 mindset, unsure whether to sell and wait to buy at lower levels or to continue holding because their accounts have been depleted for 3-4 consecutive days, losing 10-20% each day.
The upward wave will come, and let's not be afraid of a drop. Let's look back at the period from 2020-2021 when it was at 40
it did not drop to 30k, but that was the time when the Altcoin season occurred.
Caring is not wrong, but during the Altcoin run, it will go without a care, and of course, 3-5 months of sideways action is normal. $XRP
