The market has been dragging altcoins to their lowest levels, 🧐
We are even seeing clear bearish breakout patterns. However, it is important to note that these moves should not break further down - what we are seeing is likely a liquidity hunt. This is a classic strategy where the market aims to shake traders out of their positions, forcing them to sell in panic, only for larger players to come in and buy at discounted prices.
If the price does push lower, these will be areas where institutional buyers will absorb everything, cleaning up weak hands.$SHIB