š Black week for crypto: sharp market drop!
$BTC ,$BNB ,$ETH and the majority of altcoins plummet by -10% to -30% in just a few days. What happened?
š» Main cause: massive outflow of institutional capital after disappointing macroeconomic data in the USA (inflation + growth).
š£ Result: panic, cascading liquidations, and short-term loss of confidence.
Other aggravating factors:
ā No major bullish catalyst
š§Ø FUD on American regulation
š Market too leveraged
šÆ Whales remain on the lookout.
š Is this a simple correction⦠or the beginning of a prolonged bearish cycle?
To be continued.
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