The crypto market is ending the week on a low note, with significant drops in Bitcoin and major altcoins. $Bitcoin fell from around $71,000 to below $69,000, while Ethereum declined from approximately $3,850 to below $3,700. Top altcoins also saw drops of around 10%.

Watcher Guru reported that about $300 million was liquidated from the cryptocurrency market in just the past hour, indicating a rapid sell-off by investors.

The reasons for this selloff could include profit-taking after a recent bull run and concerns over potential regulatory crackdowns, despite no immediate threats.

Crypto analyst Michaël van de Poppe remains unfazed by the downturn, viewing it as a "liquidity hunt" by larger players. He advises against selling and suggests that those with available cash consider these dips as buying opportunities.

Despite the volatility, the overall bull market sentiment persists, with Ethereum ETFs set to begin trading in two weeks, potentially boosting prices further. Investors are encouraged to view the current dips as opportunities rather than reasons to panic.