The recent decline has been very severe. Despite strong gains in the external markets, the crypto market has experienced a continuous one-sided decline. Based on current market sentiment, a short-term reversal seems unlikely. This wave of bearishness is clearly heading towards 1740 points, with too much capital flowing out. Institutional Bitcoin has been sold off, and only retail investors are left playing Ethereum. As U.S. stocks continue to rise, the crypto circle will only be drained more severely. The only potential positive might be the high Shiller PE ratio of 40 in the U.S. stock market
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