Why did the cryptocurrency market collapse today?
We witnessed a sharp decline in the market due to several factors:
1️⃣ U.S. inflation data came in weaker than expected, prompting investors to reduce their exposure to high-risk assets.
2️⃣ Technical pressures after Bitcoin failed to break the resistance at $110,000, along with massive liquidations of long positions.
3️⃣ Geopolitical tensions and a shift in markets towards risk aversion, leading to a flow of liquidity into safe havens.
4️⃣ Actions by large investors (Whales) began intensive selling on platforms like Coinbase.
5️⃣ A natural correction after a strong upward wave, which may be a "break" before resuming the upward trend.
📉 Bitcoin is currently trading between 100–106K, which is an important support area.
🔁 Is it a collapse? No. It's a healthy correction within the market cycle.
📌 Advice: Watch the market calmly, do not trade impulsively, and focus on risk management.