As of today crypto has been crashing like crazy and because of that a lot of fears are starting to sprouting up questions if the bull run is over and we are entering back into a bear market.

Now there's some things we do know about for sure that will be happening such as the Ethereum ETF going live in about a month and possibly as long as September. But we also know about some negatives as well such as the cash in of Mt.GOX tokens and other liquidations happening from countries, general futures expires which always push prices down.

ETFs

The big news of this year has been the ETFs of which when Bitcoin was approved we saw prices move a bit however most of that price action was priced in well before the news broke. We also got a update that mainly it was retail investors dumping in money such as their 401k and not so much large cap firms as they were delayed by wiring houses (which should be clearing up here in the next month or two)

This ETF also shows us the inputs and outputs of buying and selling of the assets. While there was a inflow of funds into these ETFs we have actully seen not all that much development happening on most chains and no real larger user base of those chains which could explain why we have seen that stagnation effect that has been happening and then fell to a sell off.

Airdrops

We have also seen a massive flush in air drops lately as well. These airdrops are starting to show up like crazy and they often come with a bad rap as many of the people getting the airdrops end up selling out crashing the price of the token before it even launches or right at the start of launch.

When an increase in airdrops and some rather wild crazy projects start to show up it's often exit scams to buy more bitcoin and Ethereum and dump their air drop token which further drives down the price and sentiment of everything.

Crypto Regulation

While we are currently getting positive regulation happening at the moment you'll notice it's super slow at the moment. This is because everyone's mainly waiting for who's going to be the next president. A lot is riding on the elections and they are not all that far away just four short months away and with it it seems like some things are going to be majorly shook up either in the positive with Trump or the negative with Biden. I still don't understand why people would think any differently. The Biden administration has waged all out war on crypto for their four years in power.

Early

The most important thing to note here is we are actully very early into the crypto adoption phase. In my previous articles I went over how many people actully hold crypto and how many people hold it and use it is pretty wild how small it is. It's still sub 700 million people of the 8 billion plus people in the world. Keep stacking my friends.

*This article was for entertainment purposes only and not financial advice. Do your own research before investing and understand the risks.

Posted Using InLeo Alpha