1. Massive Amount of Retail and Institutional Cash Sitting in Money Markets.
Jefferies

Jefferies
Crypto Correction
It was a tough week for Crypto, with 50-70% declines across the major assets… For Bitcoin, high volatility and large drawdowns are par for the course. We’ve seen declines larger than this many times throughout its history…
Momentum ETFs are re-balancing in coming weeks…watch for changes in sectors.
Crypto markets have shaved more than $850 billion from their combined market value, according to CoinMarketCap.com.