I think market down 3% to 4% soon.
The recent crypto market downturn is due to several factors. Anticipation of fewer interest rate cuts by the Federal Reserve has caused uncertainty【6†source】. Additionally, significant outflows from Bitcoin ETFs have increased selling pressure【7†source】. Long position liquidations have forced traders to sell at a loss, further driving down prices【6†source】【7†source】. Finally, the market has breached critical support levels, signaling potential for further declines【7†source】【8†source】.
