The crypto market has sharply corrected over the weekend. Our latest CHAINLETTER anticipated a tricky month, but this moves feels like a major over-reaction. There are some technical reasons why the market is particularly vulnerable at this point, but they are all temporary in nature.
Everything we see from a macro perspective aligns with the reasons why we would accumulate bitcoin in the first place.
This brief note takes you through what has just happened, why, and what’s next.
