Crypto Crash Sours Sentiment as Fear Returns to Markets
- Bitcoin plummeted from $122k to below $110k late Friday in one of the heaviest weekend crashes, which saw some alts drop over 90%.
- The crash triggered funding rates to fall to their lowest levels since the 2022 bear market, indicating a massive unwinding of leveraged positions across crypto markets.
- Analysts attribute the drop to Trump’s tariff announcements during low-liquidity hours rather than fundamental weakness, viewing it as a technical correction.
- Prominent figures like Alex Becker and Raoul Pal remain bullish, with some suggesting this could mark the start of a larger bull run with a V-shaped recovery ahead.
Investors who switched off from crypto over the weekend for some well-deserved time away…
