Der Kryptomarkt verliert 400 Milliarden US-Dollar an Wert, da der Bitcoin-Ausverkauf nach einem Allzeithoch zunimmt

tldr; The cryptocurrency market experienced a significant downturn, shedding $400 billion in value as Bitcoin’s sell-off intensified following its all-time high. Bitcoin’s price fell below $61,000, continuing a decline that started after reaching a record high of just under $73,800. The sell-off was partly attributed to profit-taking and large outflows from the Grayscale Bitcoin Trust. The entire cryptocurrency market, including other digital assets like ether and Solana, also saw sharp declines. This market correction follows a period of rapid growth, with Bitcoin up 124% in the past year before the sell-off.

*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

‘Sheds’ 🙂

You just need to look at how the Cap of Stables increased during a ‘shedding’ period.

They simply sell off close to ath for realised gains (most entered well under 50k) -> drop the price in one go (days in a row) , reach a decent lvl of support where they can’t push more down -> start to load up bags again -> push above the Ath that was reached not long ago -> repeat -> if the natural ath resistance point is reached for this Cycle -> move into Alt market and do the same with more ease on Low Cap Alts.

It’s simply what VCs and Hedgies with incredible flow can do at any point -> control the market price.