#MyFirstSquarePost Hello, Binance Square!

There are many causes of Crypto market down few are write down.

1. over One billion dollar in crypto liquidation have occurred in the last 24 hours, with 919.54 million dollars of those being long positions.this suggests that many traders were overly bullish and heavily leveraged.

2. The crypto markets losses are part of a descending triangle breakdown move. this typically resolves when the price breaks below the support trendline and falls by as much as the maximum distance between the resistance and support trendlines.

3. Geopolitical tensions in the middle east and recessionary risk in the US are also contributing to the sell pressure.

4. The total crypto market cap reacted to the macro financial markets decline , falling by nearly 300 billion dollar in the last 24 hours.