All the fud and whales taking profit,slowing down progress in crypto.no wonder new money is not coming into market .perfect opportunity to short the market. I don't need new money to come in to profit, I'll just take a chunk of what's already there . In my opinion this is very healthy. Lots of weak hands exited crypto lately. Serious investors and hodlers remain.
Finally, someone here has the same thoughts as me.
the sea of red is not really a good thing and to tell you honestly it's not the real market. its all about the whale. they are getting the coin went down even bitcoin. we can see on all bid and ask there's always a big wall. they are getting into it to get more token as they are preparing for the moon to go down anytime.
This is usual we find the dump in the market that too this time we are seeing many hacks on online wallets and trading. So we will find the dump because of these kind of issues. south korean government is another issue giving fuck to the altcoins and bitcoins too.
I hope this is the last correction in all the cryptos. Soon all the crypto currencies will be rock the floor and people will be rushing to invest on the bitcoin and other very soon.
Saying that this would be the last correction then its not and it wont really happen for sure. Price corrections do happen and also signifies a healthy market which we can really expect these kind of scenarios. Current situation as of now we are seeing lots of reds as of now and basing on the fundamentals it is one of the reasons too for sure on such decline of prices.