Quantitative Tightening starting June 1st will likely lead to further market decline.
"come june first papa powell has told us that's going to be the start of the qt period quantitative tightening when the fed will start to unload its portfolio of assets and that's when the market's not gonna like that and based on this historical data the market will probably go down even more"
The collapse of TARA-LUNA indirectly caused Bitcoin to drop from $42k to $31k due to collateral sales.
"bitcoin needed to be sold off to maintain the value of that dollar and to keep the system stable so that's partially one of the reasons how bitcoin went from 42k down to 31k"