Trading volumes are at all times low plus stablecoin showing some concerns.. If BTC breaks through $6K mark, we might be in a free fall for some time again. Any thoughts?
It's hard to say with absolute certainty but I don't think that such an event is coming. 6k bottom has held strong and market seems to be in consolidation. The only real concern I have regarding potential further falls in the overall market are around stablecoins that you mentioned. If Tether were to go under in some sort of exit scheme then that would inevitably have knock-on effects to the market. I don't think that would happen at this moment in time but that's just based on gut feeling than much else. I suspect if tether was going to collapse it would have been more likely to happen in the early parts of the year when the price went from 20k to 6k