WHY IS THE MARKET COLLAPSING?

Bitcoin breached its 2021 ATH, with altcoins in freefall. Key drivers:

1. Systemic liquidation across asset classes — equities, precious metals, and crude are all capitulating.

2. Pervasive FUD narratives — from speculative Satoshi theories to USDT instability — fueling panic disposition.

3. Macroeconomic fragility — January job cuts surged 118% YoY, JOLTS data disappointed, yet the Fed maintains a hawkish posture, intensifying recession anxieties.

Crypto appears profoundly oversold; Bitcoin’s weekly RSI is lower than the FTX crash, suggesting proximity to a terminal market nadir.$BTC

BTC
BTCUSDT
70,901.4
+9.61%

$ETH

ETH
ETH
2,091.35
+9.95%