Why This Bloodbath 🚫
1) The market is currently oversold.
2) Bitcoin (BTC) is experiencing a steady decline.
3) Alternative cryptocurrencies (ALTs) are facing desperate declines and panic selling.
4) Relative Strength Indexes (RSIs) are consistently at low levels.
5) A significant number of new coins are entering the market each month, leading to capital diversification, which makes price pumps more challenging and less frequent.
6) Bitcoin's market dominance remains substantial.
7) The impact of the BTC halving has been factored in since January (or even earlier).
8) A market recovery is possible but may take anywhere from 7 to 14 months.
Let me know if you need any further adjustments!
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