It’s indeed a Black Monday...

First, the Japanese market took a massive dump an hour ago, and now Korea is following suit.

What I’ve heard is that the Japanese cash and carry trade backfired on them big time.

But this is just one reason why the crypto markets are taking a hit, along with many other factors like:

- Decreasing odds of Trump winning the elections
- Rumors around a recession resurfacing
- Biggest investors like Warren Buffet de-risking their investments significantly, selling 50% of his $AAPL holdings
- War tensions between Iran and Israel

and A major reason behind the crypto sell-off is @jump_ aggressively selling $ETH.

They've been offloading $ETH and unstaking $500M worth over the past 2 weeks. word on the street is they are exiting the crypto market-making business altogether..

Now, before you start panicking, I don't think this crash is gonna stick around.

Why?

It's election season, They can't let everything go to shit right before people vote.

My bet?

We're gonna see some crazy emergency moves. The FED's gonna have to pull some real magic to stop this from becoming a total cluster puck

If (or more likely when) the FED starts cranking up the money printer again, we could see one hell of a recovery bounce back once the dust settles..

Stay safe y’all.🙏♥️

#marketCrush #BTC☀ #cryptocrashed #CryptoDecision #dumpNpump