🔺The market is in turmoil: over Sunday and the current night, BTC has collapsed by -8.1%, dragging all altcoins down without exception. Ether and top coins have lost -14..20% overnight, while mid-tier projects are down by up to -25%. There are no exceptions: everything is falling.
🔺The Asian trading session opened with sell-offs, and BTC followed the indices down in the overnight plunge, liquidating long positions worth -$870 million, while Bitcoin dominance soared to 63.4%: altcoins are obliterated, and the fear index has fallen into the extreme zone (mark of 23)
🔺Investors are preparing for 'Black Monday' and anxiously await the opening of trading (16:30 MSK) on the SP500 index. Meanwhile, mid-tier funds are starting to capitulate and dump ETH in large volumes. According to data from Lookonchain, whales withdrew 52,000 ETH to exchanges overnight (about $80 million), and this whale lost $106 million in Ether as it faced forced liquidation on its loan on the MakerDao platform.
🔺This week, several important economic events are also expected. On Wednesday (April 9) - the Fed will publish the protocol on further policy, and on Thursday (April 10) - they will release the US inflation data for March.
🔺The largest token unlocks this week. Be careful: market manipulation may occur with coin prices👇
