- Crypto market dumps again as analysts find no driving force behind the fall.
- This has led to growing frustration among traders and analysts.
- Responses highlight the power whales hold in this market.
The start of the final month of the year begins with a new week, and analysts and traders are displeased to see that the crypto market is kicking this monumental date off with another brutal market price drop. At the moment, both BTC, ETH, and altcoin prices have dipped much lower, and as the crypto market dumps again, analysts find no driving force behind the fall.
Crypto Market Dumps Again
As the final month of the year kicked off, sentiments dipped even further despite several analysts revealing their bullish expectations for what is to come next. Presently, both Bitcoin and Etehreum prices are down, taking down other altcoin prices down with it. This has led to declining price expectations as sentiments are flipping to the bearish side once again.
To highlight, the price of BTC has fallen to the $86,000 price range while the price of ETH has been trading in the $2,800 price range after a major dip of its own. One reputed analyst believes that BTC will go into a sideways movement that will take its value ot the $100,000 and $107,000 price range over the coming weeks. However, he also expects that once this sideways movement ends, the price of BTC will shoot to a much lower price target in 2026, in the $70,000 price range.
No Driving Force Behind the Fall
At the moment, expectations in the eyes of popular analysts and traders vary between lower prices as the bear market unfolds, of BTC rallying and surging to hit much higher ATH prices in the coming week ahead. According to this point of view, the crypto market is heading into an extended price rally, making way for higher ATH prices to be hit for Bitcoin, Ethereum, and altcoins as well.
As we can see from the post above, this popular crypto trader and analyst shares his frustration over the latest crypto market price drop. The analyst goes on to highlight how today’s dump made absolutely no sense. He then marks how Bitcoin dumped over $5,000 in value in under 3 hours. This meant that $210,000,000,0000 was wiped out of the crypto market in a single day.
The post goes on to add on to that number with a noted observation that nearly $700 million was liquidated, all while there was not a single negative news story for today. The fact that there is no FUD, no Trump tweet, no stock market crash, no tariffs or bad earnings all makes him think that there is no logical explanation for the dump, but rather just pure manipulation dump to wipe out the leverage again. Responses say this is a market run by whales.
