Crypto users take to Twitter to lament the ongoing market downturn

Markets were stunned by a shocker for crypto traders and investors. Users required to Twitter to reveal their frustration (or often pleasure) at the current state in crypto as properties throughout the industry plunged on Monday.

Potential rate of interest increases, inflation, and a looming recession all added to Mondays market chaos. Additionally, many crypto exchanges made it tough for users to withdraw their tokens. Web3-centric business likewise announced layoffs and the flooring prices for numerous non-fungible token (NFT), projects fell.

A couple of tweets by seasoned crypto enthusiasts reveal the general belief. While holding Bitcoin and other alts is the primary theme of crypto financiers, some seem to be feeling a loss in their diamond hands. One user mentioned:

Some are likewise attempting to determine the best way to trade in bigger crypto markets, such as selling, purchasing and hodling.

Recognize how little this crypto dump has anything to do Celsius and the stETH drama, and whatever to do the prevalent panic in risk property (equities along with crypto) and broken charts.
— Alex Kruger (@krugermacro) June 13, 2022

Technical analysis and forecasts may still be the key to traders success, but the existing market dynamics have actually made traditional charting techniques virtually ineligible. This chart was developed by a crypto enthusiast to reveal the decrease in self-confidence in technical indicators.

Many individuals will stop utilizing #crypto today
— That Martini Guy BTC (@MartiniGuyYT), June 13, 2022

The crypto market is not the only one in trouble. The entire stock market has also suffered a substantial loss.

Im not half the whale that I was …
— The Moon (@TheMoonCarl), June 13, 2022

every stock in the S&P 500 is red right now pic.twitter.com/vhrfVc1NIz
— Katie Greifeld (@kgreifeld) June 13, 2022

Prospective interest rate increases, inflation, and a looming economic crisis all contributed to Mondays market turmoil. Furthermore, lots of crypto exchanges made it challenging for users to withdraw their tokens. A few tweets by skilled crypto lovers show the general belief. While holding Bitcoin and other alts is the primary theme of crypto financiers, some appear to be feeling a loss in their diamond hands. The crypto market is not the only one in trouble.

As they realize that they have lost a large part of their wealth, whales and other previous whales are beginning to speak out.

$ BTC Looking forward to the next couple of weeks. This chart is a great example. pic.twitter.com/NKPZgXpws9
— June 13, 2022, The Wolf Of All Streets (@scottmelker).
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