bitcoin crashed 5% in 24 hrs, ethereum 10%, solana 7%
reasons:
1. hawkish fed + unstable $
> powell announced no rate cuts on jan 29. new fed chair prefers high rates too!
> $ liquidity reduced $300b, treasury account raised $200b to fund shutdown (source: x.com/CryptoHayes/status/20171...…)
2. macro is ruining everything
> tariff wars, us <> iran conflicts, venezuela instability, us greenland threats added with tech-layoffs
3. $1.3b+ weekly ETF outflows led by Blackrock & Fidelity
4. $5b+ leveraged positions liquidated in the past 4 days
in short, downfall of US gov, unstable macro, over-leveraged positions led to the crash.
this is the best time to enter w/ strong long-term potential.
dip yet?
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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