We have left behind a rather negative week for the markets.

This week, global giant companies experienced a decline of around 10-15%, and the S&P 500's daily loss reached as much as 6% just yesterday.

The main reasons for the declines were the trade war and statements from Powell. China's retaliation to the latest tariffs announced by Trump caused the VIX fear index to rise by 50% in one day.

As crypto investors, I think we navigated this week quite well. Normally, such a large drop would reflect a 10% decrease in Bitcoin and around 20-30% in altcoins.

The data I shared recently indicated that whales and institutional investors were buying Bitcoin. We can say that these purchases protected the market from the decline.

I believe that as soon as the global side recovers, we will be able to see the break of the declining trend and subsequently rapid rises.

I wish everyone a great weekend and plenty of profits.