Crypto Crash Triggered by Excess Speculation, Fading Hype
- Too much leverage and speculative trading drove the recent crypto market crash
- Ethereum price drop signaled market doubts about SEC approving a Bitcoin ETF
- Negative Bitcoin ETF inflows showed declining institutional interest
- Excessive hype and mania around Solana and memecoins was unsustainable
- Institutional sales machinery for crypto is still in early days, per economist Alex Krüger
