#MarketPullback

**📉 #MarketPullback: Crypto Corrects Sharply as Bitcoin Drops 12% – Here’s What’s Happening**

The crypto market is seeing its **biggest pullback in months**, with $BTC plunging to **$62K** (down 12%) and altcoins bleeding even harder. Here’s why traders are hitting pause:

🔥 **Key Factors Behind the Dip:**

✔ **Massive $1.8B in long liquidations** (largest since FTX collapse)

✔ Fed’s hawkish comments – **rate cuts now delayed to December**

✔ Mt. Gox **$8B BTC repayment fears** loom over market

✔ Bitcoin ETF inflows **slow for first time in 3 weeks**

**What’s Next?**

• Critical support at **$60K** – break could trigger deeper correction

• Altcoins hit harder – **$ETH down 15%, SOL -22%**

• Analysts say pullback is **healthy reset** before next leg up

💬 **Buy the dip or wait for lower?** Sound off below! 👇 #Bitcoin #Crypto