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Who caused the market crash: BTC below $111,000, and ETH declines after ATH
Over the past 24 hours, the market has been under severe pressure: the price of Bitcoin dropped to under $111,000, and Ethereum, after rising above $4,900 yesterday, fell below $4,700. The Fear and Greed Index dropped to a neutral level of 47.
The network attributes the decline to the actions of major holders - as whales began transferring liquidity from Bitcoin to Ethereum, selling large amounts of Bitcoin, which increased pressure on the market.