Crypto Sell-Off Shocks Market — Hidden Signal Suggests It’s Not Over

Crypto Sell-Off Shocks Market — Hidden Signal Suggests It’s Not Over

31 Oct Crypto News

Bitcoin’s price has fallen for four consecutive days, a worrying pattern of sluggish reaction to positive news yet highly sensitive to negative catalysts.

This movement was intensified by the recent Federal Reserve meeting, which has spurred questions among market participants about whether the current bull run is concluding.

“Sell the News” Event Driven by Short-Term Traders

CryptoOnchain, an analyst at the on-chain data platform CryptoQuant, characterized the decline following the FOMC rate cut as a textbook “sell the news” event. The Federal Reserve hinted that it might not implement a rate cut in the December FOMC meeting. This served as the primary catalyst, prompting short-term traders to liquidate positions.

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