Algorithmic Ethereum Sales, Not Yen Shocked Crypto: Big Squeeze Next?

An analyst from Coin Bureau Trading argues the latest crypto sell-off has less to do with long-term fundamentals and more with algorithms reacting to a sharp move in the Japanese yen, setting up what he sees as a near-term bounce and possible short squeeze. In a new market breakdown, Dan from Coin Bureau doubtlessly links the overnight slump in Bitcoin and major altcoins to a surge in the yen when Asian markets opened, after US officials reportedly signaled potential intervention to support Japan’s currency. With an estimated “60% to 80%” of crypto volume driven by automated systems, he says

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