$984 million have been liquidated in the past 24hrs with over 250 thousand traders open order been retks according to coinglass.com excepting crypto trends to continuously move to our desired direction could only be a fictional illusion, every real investor would always love to watch his assets grow that's our ultimate desire, while some have got their trade order liquidated, to some it's been profit all the way, am sure majority are not happy with the current market trend lately, reality has never been a smooth path challenges are what make life fun tough times makes heroes' market dump distinguish the holders from sellers, ideally, it's weird watching your portfolio falling below 50% from buy zone this is where we are left with the idea of selling off all our holding and moving on with our normal life using fiat for our day to day activities.
The price of Bitcoin has fallen below 50% from its all-time high, a lower low of 29k was witnessed in the past 24hr and there is no sign of quick recovery, the daily relative strength index has shown an oversold position indicating sign of some recovery which has failed with several attempts of Bitcoin trying to cross the 34k support region and have been repeatedly rejected due to low buy input from investors, there is no doubt the bear are dominant and have certainly taken lead, fear has taken. hold of most traders in fear of where the crypto market could be heading in the next few hours as volatility and liquidating assets keeps increasing.
Speculations are more traders are selling their holdings in losses, which have increased to the massive downtrend, a new lower low has been recorded on tradeview chat with a total crypto market capitalization below $1.4 trillion it seems everything comes crashing down as inflation creeps in and take hold of the market correlating with stock market fall.
Limited funds more buying opportunities
Funny how the bear market presents itself with lots of buyback opportunities, unfortunately, this is where most investors have little spare cash to take advantage of the market, since the weak hands have little to spare the whales are the ones taking all the credits to buy at cheaper price giving room for more ample market manipulation in the future.
There's a calm
The best we can do is hold dearly to what we have lest, it'd be taken from you, if you can't buy now don't sell either for massive loss that's the goal, no one ever say crypto was easy, but it could always get better and better if we could still hang on with little patience.