CryptMarket Analysis — 28-09-21
The crypto market is experiencing heightened volatility and a distinctly risk-off sentiment as over $1 billion in liquidations have occurred, led by sharp selloffs in Bitcoin, Ethereum, and Solana. Major tokens are trading below key support levels, with the CoinDesk 20 Index dropping by 5% over the past 24 hours and all index constituents moving lower. Heightened regulatory scrutiny is evident as the SEC and FINRA probe over 200 firms for potential insider trading tied to crypto-treasury deals, adding pressure to sentiment and raising compliance risks. The convergence of aggressive liquidations, falling prices, and regulatory pressure underscores near-term bearishness, with investors bracing for further downside and awaiting stabilization signs. Macro uncertainty from Fed rate cut odds and GDP revisions contributes to defensive positioning and subdued risk appetite.