I know a lot of people are wondering why this market dump.



A lot of people have their own theory, and here's mine.

The October 10th dump was way bigger than you think.

The reported liquidation was $20B, but the real was $50B-$100B.

Alts literally went to zero, stablecoins deppeged and large caps crashed 70%-80% in minutes.

Because of this, a lot of big entities (exchanges or MMs) are underwater.

Some of them are down so much that they're just exiting this space.

The selling in the market is due to that only.

But why aren't we pumping on good news?

This is because there are no big buyers left.

People have lost confidence in the alts and the crypto market.

Those with huge sums of money are heading to the stock market, as it's regulated and has outperformed the crypto market.

I think in the coming months we could definitely hear some announcements regarding funds blown up completely.
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