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🔍 What’s Going On
The market is enduring a sharp correction: BTC and ETH are down ~8-10 % in recent trading.
Liquidity is very thin, order books are weak, which is exacerbating the falls.
Outflows from crypto investment vehicles are significant (ETFs, etc).
Overall sentiment is extremely bearish; fear levels hit extreme zones unseen for years.
Macro-factors are weighing: The expectation of interest-rate cuts is fading, making risk assets like crypto less attractive.