no mate, this is not normal. crypto is now intertwined with global markets. past 24 hours has shown by how much. some think it's great and that they are sticking it to the man, but this behavior in markets where the instos are now entering leveraged is concerning.
this latest bull market cycle is 13 years old, extended and now entering a final meltup stage. the last 12 months has seen new trading accounts increase 54%, a generation of inexperienced 'investors' getting sucked into social media pumps by those selling on the modus operandi of the greater fool theory.
the markets are so juiced up that traders are still buying the dip so it's going to take a whilst before panic selling starts to enter, i believe excessive speculation in crypto will bring the market down.
will check back at a later date. i've made my point. enjoy it whilst it lasts.
