According to @CryptoMichNL, the first trading day of last month saw a massive sell-off in altcoins and the first trading day of this month shows a broad market sell-off. According to @CryptoMichNL, this recurring drop is likely tied to portfolio rebalancing flows that typically resolve within 1 to 2 days. According to @CryptoMichNL, he expects markets to stabilize and turn back up after that window, signaling short-term volatility followed by a potential bounce.