🔴 A sudden correction in the crypto market amid global tensions!
The cryptocurrency market witnessed a significant price decline today, with Bitcoin falling below $105,000 and Ethereum falling below $2,550, while some major projects like Solana recorded losses of more than 7%.
📉 What's the reason?
The main reason is geopolitical tensions in the Middle East, which pushed many investors towards gold as a safe haven, leading to a 1.3% rise and negatively impacting the performance of cryptocurrencies.
🐋 But the whales have other ideas!
We saw massive movements from major wallets:
More than 30,000 Bitcoin were transferred to long-term wallets.
Approximately 86,000 Ethereum were archived in staking operations.
This reflects strong confidence from major investors in the long-term future of the market.
📊 Opportunity or Risk?
Currently, the market is trading near important support areas:
💥 Bitcoin support is between $103,000 and $105,000.
💥 Ethereum support is between $2,410 and $2,544.
These areas may represent a good opportunity to enter, but with caution, given the continued market volatility.
✅ Today's Tip:
At times like these, focus on fundamentals, take advantage of technical opportunities rationally, and don't forget to employ robust risk management to protect your capital.
