$45k is the supposed Support price level for Bitcoin and its still going down, along the way the market is crimson red and its getting redder till support is reached. Its not strange that when BTC plunges, it pulls a lot of Alts down along in terms of prices and even the tokens that haven't enjoy the bumper price hike ride are bleeding alongside. Notably, BNB is now another focus token just like Bitcoin and Ethereum, and that is simply because of the thriving DeFi on the Binance Smart Chain.
Bitcoin projected price is $100,000 and without a price correction there won't be a another major spike/surge. This is a known fact, but the fear factor is also a force of reckoning and if you have ever been a crypto noon you would understand how these new-to-the-market wanabes are feeling right now. This blog is a response to some argument about the Bear Market been back and its funny how not to be able to explain with or without TAs and FAs to these people.
Unfortunately this fear factor is needed in the crypto market, it's how some get to stack their bags more while others panicking ones sells a bit cheaper. A good and healthy tokencomics works on this principle and its part of what drives the market into frenzies during a Bull or Bear market run. The reds could be a good pointer for you if you take advantage of it (provides you still have fiats flying around), or it might mean you take your gains so far it's satisfactory.
I can wager that this is not the beginning of another multi-year Bear Run, there's still lots and lots of All Time Highs to be toppled and Reset. The red market markets bothers me too, but it's because I don't have much fiat to stack more. Are you stacking or FUDing?!