๐จ Crypto Market Downturn โ Whatโs Happening? ๐ง
๐๏ธ May 31, 2025
The crypto market is experiencing a sharp correction today. Hereโs why prices are dropping:
๐ป $600M+ in Liquidations
Massive long positions were wiped out as Bitcoin fell below $104K, triggering a domino effect of forced selling.
๐ Global Tensions Rising
Renewed U.S.โChina trade friction has made investors cautious, pulling money from riskier assets like crypto.
๐ Bearish Technicals
BTC is trading below key support and may form a โdeath crossโ โ a signal traders see as a warning of more downside.
๐ Regulatory Uncertainty
The U.S. introduced the CLARITY Act, aiming to regulate crypto โ but short-term confusion is shaking confidence.
๐จ Market Sentiment
The Fear & Greed Index is leaning toward Fear โ panic selling is replacing bullish optimism.