If Celsius gets liquidated and a crashes like UST, it could trigger USDT to lose its peg during a bank run. Obviously that would be catastrophic for the entire crypto market. Even if that doesn't happen, Celsius getting liquidated alone will be pretty awful
If that happens, expect BTC to crash to under 15k (easily). Obviously you know what that means for alt coins which will crash even harder. This will then trigger serious FUD and BTC evangelists like Michael Saylor will be facing extreme pressure with their holdings and in being margin called. Especially if they are forced to liquidate some BTC
Long term I am bullish on BTC, but for anyone who is DCAing thinking BTC is at its floor, please don't over leverage yourself.
And don't assume all alt coins will return to all time highs when the market rebounds like it did back in October/November. A lot of alt coins will NEVER recover in the next bull run.
Further, I see absolutely nothing in the short-term that indicates the market will pick up. Retail has no more money, institutions are waiting for more clarity in what is happening with the fed and geopolitical issues as well as crypto regulations.
I don't see a rebound until the following conditions are met: the war in Ukraine is over, supply chain restrictions from COVID are lifted, inflation gets under control, regulations put in place, and the next bitcoin halving.
The writing is on the wall right now with the looming recession and all of the big crypto exchanges starting mass layoffs.
Choose your investments wisely and good luck
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