Today, with OKB's short-term warning of decline, the entire crypto market has indeed experienced a decline. Market trends show that OKB first fell to $25 and rebounded, and then BNB began to accelerate its decline. Bitcoin fell below $39,000, and Ethereum followed suit.
There is some confusion about where this decline started. Starting with OKB’s decline, other major coins across the market saw corresponding declines, which seems unlikely to be a coincidence. Considering the sequence of declines, there are indeed signs of some institutional selling of assets.
The five-minute K-line chart of OKB shows a negative line with a transaction volume of $20 million, indicating that there were large selling transactions in a short period of time. Surprisingly, OKB failed to stop the decline in time, resulting in a short-term decline in currency prices. It is indeed puzzling why OKB has been so slow to respond.
In short, there is always uncertainty and complexity in market fluctuations. Although we can get some clues and information from them, it is still challenging to accurately predict market behavior. In the crypto market, it is crucial to remain vigilant and watch carefully. At the same time, personal investment decisions should be based on sufficient research and rational analysis, rather than blindly following trends or making guesses out of thin air. #MULTI #OAX #UMA #FORTH #ooki $PNT $MAV $FTT