🔻 Why Is the Crypto Market Down Today? Let’s Break It Down:
1️⃣ Tech Sector Slump:
Big tech is falling → risk appetite drops → crypto gets hit harder. 🚨
2️⃣ China Dump Rumors:
Reports suggest China may be offloading $16B in BTC. Even the fear of that sparks panic selling. 🐉💸
3️⃣ Futures Liquidations:
Over $700M in long positions wiped out in 24h. The domino effect of leveraged trading continues. 💥📉
4️⃣ CPI Data Incoming:
With U.S. inflation data due, traders are pulling back. Nobody wants to get caught offside. 🧮💼
📊 Bottom Line:
This is a perfect storm of macro fear, market mechanics & uncertainty — not a fundamental collapse. Smart money watches, waits… maybe even accumulates. 👀🟢
#BTC #altcoins #liquidation #Inflation #ShoaibFinancialInsights