A prominent crypto analyst has identified three main reasons for the recent downturn in cryptocurrency prices, as Bitcoin (BTC) fell below $90,000 and Ethereum (ETH) dropped under $3,000. The CMC Crypto Fear and Greed Index has plummeted to 15, signaling 'extreme fear' among investors. The analyst points to a rumored 'reset' meeting in Singapore, ongoing accumulation by major tech and financial firms, and an anticipated AI-crypto integration announcement as significant contributors to the market's current state. These developments are believed to be causing market makers to flush out retail investors ahead of a potential parabolic price movement.