The pullback was expected; it's hard to continue without a break in the overheated sentiment. The trend won't change until the funds on Wall Street are done, but other coins in the crypto space are really getting tougher, rising 5 points and then dropping 20 points.
Emotions continue to be very fragmented, and all indicators in the crypto space indicate that sentiment is overheated. This is specifically reflected in the USDT lending rate annualized at 45% (previously long-term at 2%). After a big player set a stop-loss for shorting, it started to decline, precisely guided. There are traditional doomsday vehicles etc. appearing on the gainers list alongside BOME, and the XRP rate pushed by Korean funds on Binance has nearly hit 0.1%. The ones suffering the most this time are the altcoins that haven't risen yet, as they might soon have to follow the decline.
On the other hand, SBET is eager to expand financing to continue buying, with the new coins ERA and C showing that daring to chase the spot market can lead to doubling profits right from the start. Can the arm twist the thigh?
In terms of personal operations, I won't sell my Ethereum position, and I sold off positions that are not part of the main narrative over the weekend. A pullback is certain, but the trend is fine. Many people here, including myself, have very high leverage; it's impossible to catch the top, but if we can minimize losses, we can wait for the adjustment to end and reach new highs.
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