It seems that the recent crypto crises are not affecting the market as negatively as before, is this an indication that the crypto investor is getting used to the fear?
When we consider the past times of the crypto ecosystem, the news effects We see that it is very different from today’s.The fact that the market was so dependent on the news in the previous period, Bitcoin ( BTC ) greatly affected the price. When we compare this situation with today’s market, the differences are noticeable.During the last week Binance’s systemic problemsand Binance CEO suing CZ had a prominent place in the agenda. The leader of crypto exchanges, having suffered such damage Surprised that the market has priced this situation to a minimum.
The effects of past crises were fully reflected in many crypto data. Negative effects continue to be observed today. But compared to previous processes there is market independence.Especially BTC’s recent peak value shortly after the Binance-side crisesI was an indicator of that.
Effects of Past Crises on the Market
Many crises have been observed in the history of cryptocurrencies. Each crisis has left different marks on the industry, the market and the crypto investor. One of the cornerstones of the crypto industry investor psychology plays a leading role in all crises your duty assumed . There were many cases such as BTC and sector-side negative discourses of authorized names, sanctions by regulators, banning crypto mining, closing crypto exchanges. Each crisis has a different effect in itself. . The most important partner of the crises experienced from pointsone of ” BTC of the price was the downfall “. Especially one of the most powerful cryptocurrency exchanges of its time. The collapse of FTX marked one of the biggest drops in crypto history.
FTX’s Bankruptcy Announcement
news based One of the biggest BTC price changes is the bankruptcy of the FTX exchange.It happened after it was announced. in FTX problems break out by giving market drop to the trend had passed. FTX, which gained popularity for that time, signed sponsorship deals and gained a large community base, created billions of dollars of finance pool.Many factors such as increasing liquidity problems and systemic problems in FTX crypto- investor to fear suffocated.
Not long after the events, the bankruptcy declaration from FTX plunged the crypto market into collapse. With the price of BTC coming from $ 21,470 to $ 15,560 The 28 percent depreciation experienced was one of the biggest drops in crypto history.
The Fear Level of FTX Bankruptcy
financial markets main from the criteria the one which… investorpsychology, after these crises big role assumed . Applicable to the crypto market “ Fear and Greed indexLet’s examine the (Fear and Greed Index). Fearand Greed Index ; of investors greedy does itor? frightened does heanalyze a number of different trends and market indicators to determine how you feel 0 points for extreme fear, 100 points for extreme greedan indicator that reports in the form of
With the impact of the FTX crisis “ Fear and green Index ” level reached 21. This event, which seriously frightened the market, led crypto investors to stay away from the market for a while.
SEC Suing Kraken
Another of the big drops in crypto history is that the Securities and Exchange Commission ( SEC), a cryptocurrency exchange for offering unregistered securities to Krakenhad a lawsuit. SECaccused of Kraken offering unregistered securities their services shut downto the competent authority punishment payment should had reported.
With the chain of chaos, the great decline on the BTC side started. Falling from $23,400 to $21,230 BTC dropped 9.27 percent in a very short time.SEC-Kraken of the tensionThe drop that it caused has been listed as one of the biggest drops in crypto history.
The Fear Level of the SEC-Kraken War
The crypto market, which has been on the rise for a while, It started to decline after the SEC made a move on Kraken. . From levels 65 of Fear and Greed Index Falling to 48 levels, the panic and fear atmosphere in investors.was clearly evident.
Terra’s (LUNA) Collapse: BTC Drops 56 Percent!
once upon a time LUNA, one of the best emerging ecosystems, which has its own stablecoin After UST becomes depegwent into decline. stablecoinShowing how important the issue is to the industry, LUNA is not just about crypto. different finance their markets in shot . The LUNA crisis has created serious fear in the crypto ecosystem. It deeply shook BTC and altcoins.
of UST its stability to losein the ecosystem panic mood, LUNA of officials irrelevant manners Then, the collapse of the crypto market began. Approximately $40,000from the levels $ 17,550 levelsfalling BTC, a decrease of 56.13 percentby displaying, He became involved in the dusty pages of crypto history.The LUNA crisis is not just community-based problems, it’s deeply hurt stablecoins and various ecosystems.
Effects of Current Crises on the Market
After BTC tested the $15,600 level started a major uptrend.Fud news coming along this uptrend, It did not shake up the crypto market as much as in previous periods.in the last weeks temperamental of buyersFud pulling up the BTC price without caring about the news, an indication of a change in the market structure.
Considering the recent crises, Binance’s technical problems and to CZby CTFC case opening up events occur. During the two-day period BTC down just 5.18 percentcrypto investors to fear get used to about” has become one of the clearest proofs.
BTC, which experienced a 5.18 percent decrease in line with the striking developments on the side of Binance, stood up very quickly and achieved an increase of 9.55 percent. In the past, the effects of the Fud news continued, causing deeper declines. If we look at the present These declines were short-lived, followed by large rises.
Binance biased negative news “ Fear and greeD in Index ” led to a very slight decline. If we evaluate this data in the general table, we can see that in the two-day crisis interval. Only 64 to their level fall down, and from there it moves upwards that crypto investors are used to some situations by now.and these situations shows that it is not affecting crypto trading as much as it used to.
