Lacy Chang, a market analyst at the decentralized cryptocurrency wallet "BitGate Wallet," says that the recent decline in cryptocurrency prices is due to a combination of outflows from exchange-traded funds, asset liquidations by major investors, leading to decreased institutional liquidity and successive sell-offs. #95%ofAltsBelow200-daySMA
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Liquidity decline and outflows
Lacy Chang, a market analyst at the decentralized cryptocurrency wallet "BitGate Wallet," says that the recent decline in cryptocurrency prices is due to a combination of outflows from exchange-traded funds, asset liquidations by major investors, leading to decreased institutional liquidity and successive sell-offs.
#95%ofAltsBelow200-daySMA