Why did the market suddenly pull back in the midst of a rally?

The latest news points to China warning of a new virus that could pose a risk and could even evolve into a global challenge. However, the drop has nothing to do with Bybit's security story.

Right now, vaccine-related stocks are moving higher in the market. Is this a threat to #bitcoin and the crypto market?

There's really no need to be overly concerned. Initial downside reactions in the market are common and may even be significant, but this is usually just a short-term fluctuation.

Why? The global economy is standing on the brink of a new round of easing, and once liquidity amplifies again (similar to the 2020 scenario), the crypto market is likely to see a strong rally and even a boom.

Of course, we all hope that this is just a false alarm and won't really turn into big trouble.

What do you guys think? Feel free to share thoughts below 👇

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