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As a Programmer Entering Crypto, Here’s What I’m Watching After Bitcoin’s Sudden Drop
I'm a programmer stepping into the world of crypto, and this week was a powerful reminder of how volatile — and fascinating — this space can be.
Bitcoin just dropped sharply, falling below $113,000$BTC , and the entire crypto market is feeling the pressure. Here’s what I’ve learned by analyzing the crash and what I think comes next 👇
📉 Why Did BTC Crash?
1. Whales Took Profits 💰
An old whale wallet suddenly moved $4.8B worth of BTC. That move triggered panic selling, resulting in $450M in long liquidations and over $3.5B in total market losses.
2. Rejection at Major Resistance ($120K–$123K) 🚫
Bitcoin tried multiple times to break past $123K — but each attempt failed.
This rejection formed a bearish candlestick pattern, a classic signal that sellers were stepping in hard.
3. Global Market Tensions 🌐
New fears about U.S. tariffs and trade policy spooked traditional markets — and crypto followed.
Many investors rushed to secure profits, adding more fuel to the sell-off.
4. Weak Technical Indicators ⚠️
Even though price made higher highs, momentum (RSI) didn’t keep up — a sign of bearish divergence.
On top of that, the NUPL indicator is now at levels that often signal local market tops.
🧠 Key Level I’m Watching: $113.6K
A lot of analysts — and now I do too — see this level as a critical support zone. If BTC can stay above it, recovery is possible. If not, more downside could be ahead.
✅ Why This Matters (Especially to Me)
As someone new to building in crypto, this drop shows just how quickly market dynamics can shift — especially when whales, global news, and technical weakness hit at the same time.
📌 What I'm Learning & What Traders Might Do
• Short-term focus? Watch the $115K–$116K zone. If BTC reclaims that area, a short-term bounce could happen.
• Long-term view? A dip toward $104K–$110K $BTC
might offer strong buying opportunities — but only if fundamentals stay intact.
• Macro trends? Keep a close eye on the Fed, tariffs, and global markets — they’re clearly moving crypto too.
#cryptocrash #MarketUpdates" #CryptoProgrammer
$BTC
Bitcoin just dropped sharply, falling below $113,000$BTC , and the entire crypto market is feeling the pressure. Here’s what I’ve learned by analyzing the crash and what I think comes next 👇
📉 Why Did BTC Crash?
1. Whales Took Profits 💰
An old whale wallet suddenly moved $4.8B worth of BTC. That move triggered panic selling, resulting in $450M in long liquidations and over $3.5B in total market losses.
2. Rejection at Major Resistance ($120K–$123K) 🚫
Bitcoin tried multiple times to break past $123K — but each attempt failed.
This rejection formed a bearish candlestick pattern, a classic signal that sellers were stepping in hard.
3. Global Market Tensions 🌐
New fears about U.S. tariffs and trade policy spooked traditional markets — and crypto followed.
Many investors rushed to secure profits, adding more fuel to the sell-off.
4. Weak Technical Indicators ⚠️
Even though price made higher highs, momentum (RSI) didn’t keep up — a sign of bearish divergence.
On top of that, the NUPL indicator is now at levels that often signal local market tops.
🧠 Key Level I’m Watching: $113.6K
A lot of analysts — and now I do too — see this level as a critical support zone. If BTC can stay above it, recovery is possible. If not, more downside could be ahead.
✅ Why This Matters (Especially to Me)
As someone new to building in crypto, this drop shows just how quickly market dynamics can shift — especially when whales, global news, and technical weakness hit at the same time.
📌 What I'm Learning & What Traders Might Do
• Short-term focus? Watch the $115K–$116K zone. If BTC reclaims that area, a short-term bounce could happen.
• Long-term view? A dip toward $104K–$110K $BTC
might offer strong buying opportunities — but only if fundamentals stay intact.
• Macro trends? Keep a close eye on the Fed, tariffs, and global markets — they’re clearly moving crypto too.
#cryptocrash #MarketUpdates" #CryptoProgrammer
$BTC
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