The crypto market is indeed the most sensitive market; it reacts to any sign of trouble by dropping first and asking questions later.

The eight ministries and commissions' move to clear out overseas brokerages is a perfect storm for on-chain US stocks. Major CEXs and DEXs have been laying the groundwork for this for a long time, and this added fuel is perfectly timed. In the long run, it's a massive positive for the crypto space.

In the future, the crypto market will become a super investment market that operates 24/7, covers all asset classes, and is fully open. The stock market won't even be fit to hold its shoes.

Bearish in the short term, bullish in the long term. A wild, roaring bull market is on its way.