๐ Why the Market Dropped Today
Multiple pressures came together to trigger this sharp decline across crypto and other risk assets:
๐ฅ 1. Geopolitical Turmoil: IsraelโIran Conflict
Israel launched airstrikes on Iran, escalating Middle East tensions โ๏ธ
Result? Massive risk-off reaction โ Investors ran from risky assets like crypto
๐ช Bitcoin fell nearly 5% intraday
๐ง Ethereum dumped ~10%
๐ U.S. stock futures also dropped ~1.5โ1.8%
๐ก๏ธ Safe-haven assets like gold and oil surged
๐ 2. Macro & Regulatory Pressure
๐ฆ Fed inflation data showed no rate cut likely soon โ Bad news for bulls
๐บ๐ธ๐จ๐ณ Rising U.S.โChina trade tensions + talk of new tariffs = more global uncertainty ๐ฌ
Result: Less appetite for speculative investments like crypto
๐ฃ 3. Options Expiry & Liquidations
Over $3.7 billion in BTC/ETH options expired today
Volatility spiked as traders adjusted positions
๐ฅ Over $1.2B liquidated โ mostly longs wrecked
๐ 4. Technical Pullback / Profit-Taking
๐ BTC hit resistance around $111K (upper Bollinger Band)
Now pulling back as:
๐น MACD & RSI suggest correction
Traders take profits after recent run-up
๐งพ Summary Table
๐ Factor ๐ฅ Impact
๐ช Geopolitical Risk Major sell-off in risk assets
๐ฆ Fed & Macro Weakens confidence in speculative markets
๐งจ Options Expiry Volatility spike + liquidations
๐ Technical Pullback Short-term correction / consolidation
