WHY IS THE MARKET DUMPING? BITCOIN JUST DROPPED $1,500 IN A MATTER OF HOURS, WHILE ALTS DROPPED 5%-10%. HERE ARE A FEW REASONS BEHIND THE MARKET DUMP. 1️⃣ NVIDIA DUMP ● TODAY, CHINA SAID THAT NVIDIA HAS VIOLATED ANTI-MONOPOLY LAW. ● THIS CAUSED A DUMP IN NVIDIA PRE-MARKET, WHICH ALSO BROUGHT NASDAQ FUTURES DOWN. ● AND BECAUSE CRYPTO FOLLOWS NASDAQ, A DUMP HAPPENED HERE TOO. 2️⃣ LEVERAGE FLUSH ● RECENTLY, BITCOIN OPEN INTEREST HIT A NEW ATH WHILE PRICES ARE STILL DOWN 7% FROM ATH. ● THIS SHOWS THERE'S TOO MUCH LEVERAGE, AND WHALES USUALLY FLUSH THEM BEFORE THE NEXT MOVE. ● DURING TODAY'S DUMP, BITCOIN OI HAS GONE DOWN BY $2B, WHICH IS A GOOD SIGN. 3️⃣ MARKET DE-RISKING ● THE FOMC RATE CUT DECISION WILL HAPPEN IN 2 DAYS. ● IT'S ALMOST CERTAIN THAT THE FED WILL CUT RATES BY 25 BPS. ● BUT MARKETS ARE DE-RISKING, PROBABLY DUE TO POWELL'S HAWKISH STANCE, AS CPI IS NEARING 3% NOW. ● THIS OFTEN HAPPENS BEFORE A BULLISH EVENT, SO THERE IS NOTHING TO PANIC ABOUT. 𝗠𝗬 𝗧𝗛𝗢𝗨𝗚𝗛𝗧𝗦 ● NOTHING GOES UP IN A STRAIGHT LINE. ● ALSO, BIG MONEY IS TRYING TO GET BETTER ENTRIES BEFORE BULLISH Q4. ● ALL YOU NEED TO DO IS HODL AND WAIT.