A - People selling to front run the $1bil+ in alts on Robinhood that are set to be liquidated in the coming weeks?
B - a big time market maker (Jump?)/crypto fund exiting and dumping all holdings
C - incoming SEC action against American VCs (Paradigm, Multicoin) and they are dumping their portfolio tokens in advance
Add to this the usual liquidations from over leveraged longs and panic selling.
These are my best 3 guesses. Even in crypto it's not usual to see a 30% dump on alts within a 4H candle, so there has to be some pretty significant news coming around.
Good luck everyone. ETH and BTC holding up the best right now. Stick to the blue chips and speculate on the alts when the next bull run starts?
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