Experts issue warning amid concerning trend in crypto market: ‘Extreme fear’
Cryptocurrency investors have been facing “extreme fear” with the current market as several different currencies are experiencing a “miserable run,” according to Barron’s. The news outlet reported on Nov. 12 that Bitcoin had slumped 22% from its October record high.
So, what has been causing this panic? For one thing, an early November report from Bitget pointed to “shrinking on-chain liquidity.” Think of it like a bank run: nearly $7.94 billion was pulled out of the system between October 27 and November 2. When that much money vanishes, it spooks everyone.
Second, the market is about to be flooded with new supply. Many cryptocurrencies have reserved “tokens” — like digital shares — for traders, including their early…
