Greetings to everyone on another "black" day in the crypto market, which has turned black in anticipation of another nonsense that will spew from the mouth of the red-haired old man at the economic forum in Davos.
Last night, the liquidation volume reached $930 million amid a price drop $BTC below $89 thousand. $ETH down by 4.6%, $SOL fell by 2.46%.
The fear and greed index, meanwhile, dropped by 13 points to 32 Fear. This means that over the next few days we expect a sell-off of crypto assets by investors, which will lead to further market declines.
This once again demonstrates that lately the crypto market is almost not dependent on internal factors, but the market price is created by macroeconomic factors. At the same time, these factors almost never work in the positive, only in the negative prices and fear. Therefore, analyzing anything right now makes almost no sense - it would be better to do a Tarot reading, maybe we'll get lucky 😂
Hang in there, friends, and don’t trade on emotions 🫱🏼🫲🏻
