🚨 $BTC DUMPED FROM $112,000 TO $103,000 – A MASSIVE $9,000 DROP IN A SINGLE DAY! 📉
This sharp decline in Bitcoin didn’t just hit $BTC — it dragged the entire crypto market down with it! Altcoins across the board, including major investments like $WCT (in which even Binance reportedly has a stake), faced heavy losses.
But WHY did this happen?
🔻 Reasons Behind the Market-Wide Crash:
1. Bitcoin Breakdown: A clear descending triangle pattern broke below support — triggering panic sell-offs.
2. High Leverage Liquidations: Over-leveraged long positions got wiped out, accelerating the dump.
3. Macro Uncertainty: Concerns around upcoming economic news or FOMC statements often shake market confidence.
4. Whale Movements: Large wallets offloaded BTC, possibly in anticipation of short-term corrections.
5. Market Correlation: Altcoins are highly correlated with Bitcoin. When BTC sneezes, the whole market catches a cold.
This was more than just a correction — it was a moment of forced reality for overextended traders.
📊 Stay sharp — patterns like these often repeat. If Bitcoin doesn’t reclaim key resistance zones soon, further downside pressure could continue to dominate the market.
