Today's move might take 1 month to achieve, but FUD makes it happen in a day
I don't think we can call it a FUD because the market waited for this movement for about five months and during that time the price moved continuously in a certain zone, So it was certain that the market was going to fall in a very bad way because, Bitcoin tried to break the resistance several times but failed While once he failed to maintain it, it was determined that anything could happen at any time.
The current situation that pushes the investors to panic is something that affects the market condition, those news about FTX
which really create a huge shake to every holder who fear in losing their money.
Not just an ordinary market movement but the influence of the economy outside also creates fears while seeing the damages that
this known exchange did.
It will be going to depend now on how the investors and traders in taking this crash personally for their investment.