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This wave is the Federal Reserve not cutting interest rates + the hawkish expectations materializing, and the market is voting with its feet. Bitcoin's 15-minute chart directly broke through the lower Bollinger Band, crashing from 77,800 all the way down to around 75,200. Trading volume exploded, and the bulls were directly suppressed. The high-interest-rate environment locks in liquidity, and this decline is the most direct response. Likely, it will continue to bottom out in the near future, so don't rush to catch falling knives. $BTC $ETH