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I pay attention, this week crypto experienced quite a roller coaster. Bitcoin and other altcoins started the week with good momentum, but last Friday they were immediately hit by global risk-off sentiment. Many investors began taking profits and shifting to safer assets like dollars or gold.
But what's interesting is—although BTC dropped about 3-4% on Friday, look at the weekly chart, Bitcoin still remains in the green zone. ETH as well, SOL too. This means the rally that occurred at the beginning of the week was strong enough to withstand the selling pressure today. This is usually a sign that institutional buyers are accumulating at certain levels.
In my opinion, what’s happening isn’t a crash, but more of a "shakeout"—liquidating short-term speculator positions before the next upward move. Macro factors are indeed heavy right now, especially regarding interest rates and inflation. When rates are high, people tend to avoid highly volatile assets, and crypto clearly falls into that category. But if we look from a long-term perspective, ETF inflow momentum and blockchain adoption are still solid.
From a technical standpoint, an important support level to watch is the 20-day moving average. If Bitcoin can stay above that level, this Friday’s dip is just a retest. Conversely, if it breaks below, there could be a deeper correction next month.
There’s also often questions about the meaning of USDT in this context—basically, USDT is a stablecoin tied to the dollar, so when risk-off occurs, many traders switch to USDT to avoid volatility while staying in the crypto ecosystem. That’s why USDT volume often spikes during volatile market conditions like this.
For those new to crypto, don’t panic when you see red on the 24-hour chart. Volatility like this is normal in market cycles. Focus on weekly or monthly trends, not daily candles. If fundamentals are still solid and macro trends remain supportive, dips like this often become buying opportunities for those with long-term conviction.