Satoshi

FOMO

Resistance

Avalanche

<p>Crypto markets have undergone their fastest correction in 4 months, with total capitalization shedding nearly 5% over the past day. The decline has sparked some trader concerns amid growing fears of a global economic slowdown weighing on risky assets in 2023.</p>
<p>According to analytics provider <a href="https://twitter.com/santimentfeed/status/1734093149054869662?t=p2w3TUrpiNGZvnhiaIOVIQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Santiment</a>, buy-the-dip calls are high, indicating a degree of overeagerness and FOMO that often surfaces at local price bottoms.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="681" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-1024x681.png" alt="" class="wp-image-396180" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-1024x681.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-300x199.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-767x510.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-1536x1021.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-2048x1361.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-226x150.png 226w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-100x66.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-527x350.png 527w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287-788x523.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-287.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p><em>Source: <strong><a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Santiment" href="https://captainaltcoin.com/go/santiment/" data-shortcode="true">Santiment – Start using it today</a></strong></em></p>
<p>Moreover, cascading margin liquidations have accelerated the downward spiral. Data from <a href="https://www.coinglass.com/LiquidationData" target="_blank" rel="noopener noreferrer nofollow">Coinglass </a>shows <strong>$408.88 million</strong> worth of positions have been force-closed over the past 24 hours amid swelling volatility.</p>
<p>In particular, a sharp leg lower over the past 45 minutes has liquidated around <strong>$150 million</strong> worth of leveraged bets. This massive wave of liquidations likely placed significant selling pressure on already shaky markets.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="523" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-1024x523.png" alt="" class="wp-image-396188" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-1024x523.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-300x153.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-768x392.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-1536x784.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-2048x1046.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-294x150.png 294w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-100x51.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-686x350.png 686w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288-788x402.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-288.png 805w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/chainlink-link-nears-make-or-break-resistance-level/" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Nears Make-or-Break Resistance Level</a></li>
 <li><a href="https://captainaltcoin.com/why-has-avalanche-avax-pumped-300-in-two-months/" target="_blank" rel="noopener noreferrer nofollow">Why Has Avalanche (AVAX) Pumped 300% in Two Months?</a></li>
 <li><a href="https://captainaltcoin.com/rebel-satoshi-demonstrates-big-profit-potential-how-do-ethereum-eth-and-avalanche-avax-compare/" target="_blank" rel="noopener noreferrer nofollow">Rebel Satoshi Demonstrates BIG Profit Potential: How Do Ethereum (ETH) and Avalanche (AVAX) Compare?</a></li>
</ul>
<p>Ultimately, this week’s pending economic data and events may prove decisive for charting crypto’s next moves. But excessive leverage and eager dip-buying in the face of macro uncertainty could expose traders to further downside risk. Tighter risk management and prudent position sizing are warranted given the current conditions.</p>
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<p>The post <a href="https://captainaltcoin.com/crypto-market-experiences-fastest-dip-in-4-months-did-excessive-fomo-fuel-this-pullback/" rel="noopener noreferrer nofollow">Crypto Market Experiences Fastest Dip in 4 Months, Did Excessive FOMO Fuel This Pullback?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Crypto Market Experiences Fastest Dip in 4 Months, Did Excessive FOMO Fuel This Pullback?

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