Why did the cryptocurrency market crash today?
We witnessed a sharp decline in the market for several reasons:
1️⃣ Inflation data in the US turned out weaker than expected, prompting investors to reduce their investments in risky assets.
2️⃣ Technical pressures after Bitcoin failed to break the resistance level at $110,000, as well as mass liquidations of long positions (Longs).
3️⃣ Geopolitical tension and market desire to avoid risks (Risk-off), leading to a shift of liquidity into safe assets.
4️⃣ Actions of large investors (Whales) began mass selling on platforms like Coinbase.
5️⃣ A natural correction after a strong rise; this may be a "breather" before the resumption of the upward trend.
📉 Currently, Bitcoin is trading in the range of 100–106K, which is an important support zone.
🔁 Is this a crash? No. This is a healthy correction within the market cycle.
📌 Advice: Observe the market calmly, do not trade impulsively, and focus on risk management.