The market started dropping earlier in the year, anyone that's been watching the market long enough would have been able to tell interest in crypto was already way lower Q4 2021 and leading into Q1 2022. Trading volumes for most coins, including the top 25 have been declining steadily. Every time people were yelling to buy the dips they were either knowingly or unknowingly telling people to throw their money away in the immediate term.
As this latest saga is unfolding, smokes of rumours about large billion dollar corporations that helped this collapse along are telling of the underbelly of crypto. Of course we're all here to make money and if we're trying to be sensible we'll educate ourselves and tell newcomers to take caution. In the current market however no amount of caution will be able to help you out.
There is no telling how low this market will go, investor confidence is extremely low at present and larger players are pulling out as well. We're nowhere near the halving yet and we're already trending towards under a 1 trillion dollar market. There may be a few fake out recoveries along the way, but this is gonna take a LONG time to stabilize, if anyone tells you any different, let the market be your guide.
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