A sharp drop happened in crypto market yesterday
These are what you should know
Whale Activity: Large holders of cryptocurrency, often referred to as "whales," can impact the market significantly. If a whale sells a substantial amount of their holdings, it can cause panic selling among smaller investors, leading to a cascading effect across the market.
Market Manipulation: Coordinated actions by large players or groups of investors, often through mechanisms like pump-and-dump schemes or spreading FUD (Fear, Uncertainty, and Doubt), can lead to abrupt market movements.
Correlation with Other Markets: Cryptocurrencies can sometimes be correlated with other asset classes like tech stocks. If there's a sharp decline in these related markets, it can trigger a parallel decline in cryptocurrency prices as investors seek to mitigate losses.
There are many whales who hold investments in all the major cryptocurrencies that exist.
In any manipulation market; my advise is do not sell. The whales want to make you panic to sell so that they can buy low again