Daniel Yan, founder of financial services platform Matrixport, said the cryptocurrency market is overinflated and a correction is needed.
Matrixport founder Daniel Yan on social media on February 28 in your post He addressed cryptocurrency investors. of the marketeuphoriaStating that he has reached a level of greed that can be called ” a 15% correction predicted. He stated that the correction in question could occur until the beginning of April:
Euphoria: The cryptocurrency market has reached a level where I think we should be cautious. It might be a good idea to revisit my pinned tweet about the extent of potential fixes. I think we should see a 15% correction by the end of April.
In particular, the expected correction You may come in March Explaining Daniel Yan, AUS Central Bank (FED) He pointed out the activity calendar in March. He reminded that March was a difficult month in terms of macroeconomics and that the FED would hold meetings about the interest rate decision and stated that the correction could come this month.
However, in March Ethereum Dencun update story a “sell the newsHe argued that it could turn into a case of:
When is the fix? Since March is already a challenging month in terms of macroeconomics, I think this will happen in the coming months. March could be vulnerable as the Dencun mainnet upgrade is soon behind us and Bitcoin halving in April.
Stating that he still has no idea at what price the correction will come, Daniel Yan said that he cannot even predict whether it will come before or after the all-time high (ATH).