Dumping Is Normal In This Current Market Situations

Assalamu Alaikum,
The crypto market has taken a big hit today. Suddenly, the prices of most altcoins, including Bitcoin (BTC), have seen a sharp decline. Many may be a little nervous about this unexpected decline, but let's try to understand the situation without panicking.

The screenshots you can see clearly show the volatility in the market. Look at the BTCUSDT chart, the price has broken the support level for some time and dropped dramatically. Similarly, coins like STEEMUSDT have also seen a big drop. The chart of one coin shows a clear 'dump', where the price has dropped a lot in a short period of time and the sellers were dominant at that time. The spike in volume also shows that there was a lot of selling pressure behind this drop.

In fact, the crypto market is known for its volatility. There can be many reasons behind a dump, such as major negative news, profit booking by big investors, or a major impact on the global economy. When Bitcoin breaks its support level, it automatically affects other coins as well, which we usually call 'Altcoin Bleeding'.

One should not make emotional decisions when seeing such a sudden decline. For those who are long-term investors, this may be an opportunity to 'Buy the Dip' or buy more at a lower price. However, new investors or those who do futures trading should be careful. Remember, the crypto market is full of ups and downs. Patience and proper planning will help you overcome this volatility.