In the current phase, the cryptocurrency market is experiencing extremely strong and unpredictable fluctuations. According to estimates, just yesterday, the total amount of liquidations exceeded 10 billion dollars, and could even reach 20 billion dollars, a figure larger than major events such as the collapse of FTX or the crisis caused by Covid-19 in 2019. This shows that the number of new participants in this market is very large. However, most of them are focused on buying and placing long orders on Altcoins, demonstrating a more reckless, greedy, and aggressive attitude compared to previous players. This makes the market extremely unpredictable and dangerous.
In this context, market makers (MM) are facing greater pressure than ever. They are forced to use all tricks, even more overt actions than before, to control the market. Nevertheless, this could also be the season that brings the highest revenues in history for bookmakers. However, the cyclical nature of the market still needs to be maintained, and if bookmakers succeed in "shaking off the positions," the market could explode much more strongly than in previous phases.
However, with the current developments, the market is becoming harsher and more fierce than ever. If bookmakers cannot control the situation and give up, the risk of a bubble burst is very high, and this could be legitimized by some event in the future. Therefore, at this moment, everyone needs to be extremely cautious, especially those who are psychologically weak.