Actully the current correction in the crypto market, where altcoins and Bitcoin have seen a significant drop of 15% to 40%, can be attributed to multiple factors. Market corrections are natural after substantial gains, as investors often take profits, leading to temporary dips. moreover, the anticipation of Bitcoin halving next week could be causing volatility, as traders speculate on future price movements. Geopolitical events, such as the Iran-Israel conflict, might also be contributing to market instability, as uncertainty typically drives investors to safer assets. Overall, a combination of these factors is likely influencing the current market downturn.
The crazier part is that the influencers are still making it like this is just a dip and so they keep telling thier audience there is a signal to pump. The audiences though hare not believe this is a correction that will dip below $60k. But if I am to look at it in the longer time frame, I think it will actually. Maybe even below $50k if my speculation comes true.