The first day of winter kicked off with another market drop:
▪️BTC ~ $86,500
▪️ETH ~ $2,841
▪️SOL ~ $127
What’s notable is the lack of #major negative news. 👀
The only thing is that China tightened its policy toward cryptocurrencies, but this became known back on Saturday and didn’t trigger an immediate reaction. It seems the market is once again showing that it doesn’t always need a reason to drop sharply, weak liquidity and a nervous open-interest structure are more than enough. 💛
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The first day of winter kicked off with another market drop:
▪️BTC ~ $86,500
▪️ETH ~ $2,841
▪️SOL ~ $127
What’s notable is the lack of #major negative news. 👀
The only thing is that China tightened its policy toward cryptocurrencies, but this became known back on Saturday and didn’t trigger an immediate reaction. It seems the market is once again showing that it doesn’t always need a reason to drop sharply, weak liquidity and a nervous open-interest structure are more than enough. 💛
#crypto