💡The cryptocurrency market has plummeted. What are the reasons behind it?
Whale sell-off: Long-term holders have offloaded $40 billion worth of assets in 30 days.
ETF outflow: The Bitcoin ETF in the U.S. continues to see net outflows, with institutional buying weakening.
Chain reaction: Large-scale long positions have been liquidated, exacerbating the decline.
Stablecoin crisis: $XUSD has seriously de-pegged, exposing structural risks in DeFi.
Currently, market fear is dominant; don't catch falling knives easily!
#CryptocurrencyAnalysis#TradingRisks
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