ACCORDING TO @COFFEEBREAK_YT, THE WHALE WHO SHORTED $1.1B #BTC AND #ETH PLACED HIS LAST SHORT AT 20:49 GMT, JUST 1 MINUTE BEFORE TRUMP’S TARIFF POST AT 20:50 GMT. ⏰ $BTC $ETH #MarketPullback
ASTERUSDT Down ~50% from the highs, but the structure still screams correction, not collapse. We're seeing 3 clean swings into the equal legs zone: 🔹 $1.34 – $1.12 = key inflection area. 📈 A bounce from here is likely next week, potentially tagging the upper boundary of the downtrend channel. But don’t get comfy, this move could be just a pause before the next decision leg. 🔹Watch for reaction, not prediction.
📉 Crypto Traders Blame Trump’s Tariffs for the Market Meltdown! 🇺🇸🇨🇳 According to Santiment, retail traders rushed to blame US President Donald Trump’s 100% tariff on China for Friday’s crypto crash — calling it the “singular event” behind the chaos. But analysts say there’s more beneath the surface. ⚡ Santiment explained that this is classic “rationalization behavior” — when traders look for one big reason to explain a massive drop. Social media buzz quickly exploded around the US-China tensions, fueling panic and speculation across the market. 😬 However, experts at The Kobeissi Letter highlighted another key culprit — excessive leverage. The market was heavily long-biased, with over $16.7B in longs liquidated vs just $2.5B in shorts — a staggering 7:1 ratio. 💣 The selloff sent Bitcoin (BTC) tumbling more than 10% in 24 hours, hitting lows near $102,000 on futures markets right after Trump’s announcement. 😱 Santiment noted that US-China developments will play a crucial short-term role in shaping retail traders’ decisions. If Trump-Xi talks improve, sentiment could recover fast. But if tensions rise again, brace for another wave of “Bitcoin under $100K” predictions. 🌀 The crash also sent the Crypto Fear & Greed Index plunging from 64 (Greed) to 27 (Fear) — its lowest in six months. 🥶
BREAKING NEWS: Binance CEO Richard Teng ... BREAKING NEWS: Binance CEO Richard Teng has announced that Binance will compensate affected users who lost funds during last night’s extreme volatility, which caused several markets to “depeg. In a public statement, Teng apologized: “I’m truly sorry to everyone who was impacted … We don’t make excuses — we listen closely, learn from what happened, and are committed to doing better.” He clarified that reimbursements will be considered only for losses due to Binance-caused issues, not losses from general market movements or unrealized profits.