The market seems to be bleeding now, Bitcoin is only down by 8% at the moment but major altcoins are down double digit.
https://coinmarketcap.com/Will this be the start of the bear season?
We haven't witnessed a long and major dump this year yet, so seeing this might cause some panic especially on the altcoins holders as they are the ones who will significantly be affected since we know what would happen to altcoins if bitcoin struggles.
As per Binance exchange, the 24 hours low of bitcoin is $42500, so what's next?
https://www.binance.com/en/trade/BTC_USDTA huge dump is when we see bitcoin cross to $30k+ or worse to $20k but since we only see the figure still at $40k+ then we cannot see this as a big dump although this quite alarming but as other said this is one of normal correction happening. It's good to be calm at this storm and wait for the dip since this is pretty much normal happening to earn but also hopefully we cannot see this current situation a long heavy long days bearish season.