I haven't seen such a massive collapse of alts in the market in a long time. There were more liquidations than Covid and the FTX crash!
🧨Bitcoin fell at night to $91,200, altcoins by 30-40% (they were finished off by a sharp increase in BTC dominance), world stock markets also started the week with a sharp decline. Analysts attribute the sharp fall in markets to "Trump's trade war" and the strong strengthening of the dollar. The US President announced the introduction of 10% duties on imports from China and promised that duties for the EU will also be introduced.
🐳If we take the crypto market, we see a situation where small investors are knocked out of the game and removed from the market, while large players continue to accumulate assets during the decline. This is a classic case of market manipulation or "whale accumulation phase." This is what the Coinbase index says - institutional or large investors are not selling, but continue to buy.
👨💻Bearish sentiment on social media has reached its highest level in more than a year, according to Santiment. Historically, markets almost always move in the opposite direction from what the crowd expects