Crypto Market Plummets $700 Billion in 48 Hours: Is it a Healthy Reset or Something More?

Over the past 48 hours, more than $700 billion has been wiped out from the crypto market. This sudden downturn has left major high-cap assets at critical levels, sparking questions about their future trajectory.

The data suggests that Bitcoin ETF flows may offer a crucial clue to understanding this market behavior. According to Santiment, there were net inflows of $2.77 billion between September 17th and 27th, marking seven consecutive positive U.S. trading sessions.

However, Santiment warns that demand may now be entering euphoric territory. If these inflows begin to slow down, the buying momentum behind Bitcoin could quickly lose steam.