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I remember that Friday in October — it was the worst crypto crash I’ve seen. The entire market lost nearly a trillion dollars in an hour, with some altcoins dropping 70 percent. It was all caused by trade tensions between the US and China, which hit the entire risk sector. Since then, we've bounced back, but the atmosphere remains tense, and volumes stay low despite a solid recovery.
What’s now on my mind — Bitcoin reached 114,000 before this drop but broke the upward trend line. Buyers are defending around 108,000 to 110,000, but if that breaks, the next support is at 100,000. Ethereum has a slightly different issue — after hitting a new high near 5,000, it’s barely moved, staying around 4,000, but volumes are at 5-year highs. Solana and Ripple were also heavily sold off, but they seem to be stabilizing now.
My observation — such crypto drops show how much the market reacts to external shocks. Now, everything depends on whether buyers can hold key support levels or not. If they break, it could get even worse. I’m monitoring this closely, but for now, it seems the market is waiting for the next signal.