Part 2/9:
Heading into the fourth quarter of the year, optimism was at an all-time high among crypto enthusiasts. Many believed that Q4 would deliver the most substantial rally in recent years, with the market poised for a parabolic rise. This bullish sentiment was fueled by the fact that Q4 traditionally outperforms previous quarters, and recent cycles have indicated strong upward momentum.
Consequently, traders and investors increased their leverage positions, aiming to maximize gains during this anticipated surge. Even in prior videos, analysts suggested that based on historical cycle patterns, a breakout was imminent, further amplifying the collective bullish outlook. As a result, speculative activity and leverage had reached levels that made the market vulnerable to sharp corrections.