Trader Warns of a Market Crash Soon

Krutika Adani

Analyst Nicholas Sciberras considers a major crash might be in the making due to the rise of DeFi and challenges with Bitcoin’s security.

The analyst also considers Bitcoin Runes and Ordinals as spam

However, top traders consider the current dip as a healthy correction.

RealVision CEO Raoul Pal considers the dip as normal.

Analysts say the lacklustre performance of Bitcoin ETFs in Hong Kong can be attributed to inflated liquidity by Tether.