According to 4 hour chart time frame the recent crash is completely normal, candles went down to only get usual trend support in every coin #4hr #fourhourchart #trendline #ta

The current cryptocurrency crash is driven by a combination of factors:

Market Sentiment and Liquidations: A large volume of over-leveraged long positions was liquidated recently, wiping out over $400 billion from the crypto market. This reflects excessive speculation and a sharp correction following profit-taking by investors

Macroeconomic Concerns: Weak U.S. stock market performance, including declines in the S&P 500 and Nasdaq, has created a “risk-off” environment where investors avoid high-risk assets like crypto. This trend is influenced by fears of a potential recession, weak employment data, and uncertainties regarding interest rate decisions by the Federal Reserve

Global Economic Events: Increased tensions in the Middle East and interest rate hikes in Japan have also added to global economic uncertainties, further weakening confidence in cryptocurrencies

Regulatory and Structural Issues: Ongoing regulatory crackdowns and the redemption of large Bitcoin holdings by entities like Mt. Gox creditors have intensified selling pressure. Additionally, rumors about major entities like the U.S. government moving Bitcoin holdings have added to the negative sentiment

Overall, the decline is a mix of crypto-specific factors and broader economic concerns. These combined influences make the market highly volatile, especially for speculative assets like cryptocurrencies.#MarketCorrectionBuyOrHODL? #MarketPullback #