Hello @crypto.piotr

I agree with you, there is no single or reason why the crypto market is in this price zone, the FED is only one chess piece therefore other pieces and moves should be considered to have a broader optics of the reasons that undermined the crypto price, the Kazakhstan thing may make sense, more however, the percentage may not correlate with the sales that executed some whales that drove the price to the current zone.

From my perspective the first quarter will be key, this if we take into account that the institutions that last year participated in the crypto market will return to the scene in these first menes, therefore, I believe that after these first three months we will have a clearer picture of the direction of the market.

Best regards, be well.