Another thing to consider is the stock market which looks overheated. We saw one of the craziest bear market rallies after J. Powell made it clear that they will keep fighting inflation and raising interest rates. By pumping up the market the FED will need to be even more aggressive in order to bring down inflation.
Furthermore, the dollar dropped and while this may be good news for the stock market, it will further increase inflation as the import items will increase in price. This will again encourage the FED to further tighten in order to bring down inflation🤔
This is another risk for the crypto market. We did not pump when the stocks did due to the FTX drama but will likely go down with it once the correction starts to take place👀$BTC $ETH $BNB $USDT $LINK