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BlackRock's on-chain large-volume chips continue to fluctuate, with hundreds of billions of dollars worth of Bitcoin transferred out and sold within half an hour, institutional funds are stepping back one after another, and selling pressure continues to persist.
Coupled with the rapidly escalating geopolitical tensions, rumors of conflicts between the US and Iran are emerging, and fighting could potentially break out again as early as next week. The situation in the Strait of Hormuz remains tense, and global capital markets are experiencing a sharp increase in risk aversion sentiment.
Institutional pre-emptive cash-outs combined with the black swan of war form a double negative impact, pushing the crypto market risk to the maximum next week. A new round of deep correction is imminent.
Be sure to clear all high-leverage positions, lock in profits, and protect your principal. Currently, holding cash is the only way to go. Wait patiently for market sentiment to stabilize before taking action.
With double negative factors hitting hard, is the crypto market going to crash directly next week?