WHY DID $BTC & THE WHOLE MARKET DUMP?
Letโs break it down ๐
๐ธ Liquidity Hunt:
Market flushed out overleveraged long and short positions โ classic shakeout.
๐ธ Trump vs Elon Drama:
Tensions between Trump and Elon sparked FUD. Elon dropped some critical comments, which added to the negative sentiment.
๐ธ Jobs Data Incoming:
U.S. Jobs report due today (8 PM UTC). Early estimates suggest weaker data than last month. Market likely reacting ahead of time.
โธป
These are some key reasons behind the sudden pullback.
Whatโs your take? Drop it in the comments ๐