Why did everything collapse? Due to market maker Jump Trading

Crypto continued its collapse. Bitcoin fell to $52,500 at the moment, and is now trading at $53,000. Ether fell to ~$2,100, now trading at $2,350. 

📉 Leaders of decline among the top 100 over the past 24 hours: TAO -25%, ENS -22%, LDO -21%, AKT -21%, MNT -20%. Many others are down 10-20%. 

The fear and greed index has dropped to 26 - a zone of fear bordering on a zone of extreme fear. 

The volume of liquidations of margin positions over the past 24 hours exceeded $800 million. 

The strong drop in ETH is explained by the actions of a large MM Jump Trading

The market maker yesterday transferred 120,000 ETH to centralized exchanges, then transferred another 17,576 ETH. He did this, apparently, to sell ether. MM still owns 37,600 ETH and 11,500 stETH are withdrawn from staking.

Another reason for the dump is the reaction of crypto market participants to the situation on the Japanese stock market, which collapsed. Before this, on Friday, there was a major drop in the US stock market. The South Korean Kospi index also fell. It is assumed that investors are waiting for a crisis or some kind of cataclysm and are exiting risky assets.