Personally, I wasn't able to buy this time because I was sleeping. I woke up to find that the market was already in bloodbath. Or at least, that's what I think happened. If you bought, feel free to comment your crypto of choice.
I couldn't think of any single or main reason for this event. From the looks of it, it seemed like a controlled rocket crash, with a few factors I could think of:
- sell limit orders that were triggered automatically, cascading into effect once Bitcoin fell a certain threshold, further domino effect with the others
-the omicron threat
-the holiday season (although Im just speculating)
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