It is highly possible. Many feel the risk off trade is on until we see the liquidity issue in money pass. Since the Fed is tightening, the market will take that as liquidity is leaving. Therefore, we are on a downward trend in all risk assets, including crypto.
We could see this go through the rest of the year before turning heading into 2023.
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Well, I see it as good news. Whatever scenario will unfold in the coming months, no problem with me. I will just do the usual things I do, adding here and there in my selected tokens.