#MarketSentimentToday
The crypto market is dumping today due to a mix of macro pressures, technical corrections, and profit-taking after ETF inflows. Here's a breakdown of what's happening:
🔻 Top Reasons for the Crypto Dump
1. ETF Euphoria → Exhaustion
Bitcoin ETFs saw record inflows in early June, but now inflows are slowing.
Traders who bought the news (ETF momentum) are now selling the event—a common "buy rumor, sell news" cycle.
This leads to short-term profit-taking, dragging prices lower.
2. High Leverage Liquidations
Leverage in BTC/ETH was building up again—over $200M in long positions were liquidated in the past 24 hours (source: Coinglass).
When prices drop slightly, it triggers cascading liquidations, accelerating the crash.
3. Altcoins Rotating Out
Capital is rotating out of high-flying altcoins (like PEPE, BONK, SOL, SUI) that pumped earlier.
Traders are taking profits or fleeing to stablecoins/BTC, creating altcoin bleed.
4. Macroeconomic Uncertainty
Investors are cautious ahead of upcoming U.S. macro data (e.g. PCE inflation report, Fed minutes).
Interest rate fears and stronger USD are putting risk assets (like crypto) under pressure.
5. BTC Failed to Break Resistance
BTC failed to sustain above $109K–$110K, a major psychological and technical barrier.
The rejection caused a sharp pullback, dragging the rest of the market with it.
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⚠️ Key Support Levels to Watch
Coin Support Level Danger Below
BTC ~$106K–$105.5K If broken, may drop to $102K–$100
ETH ~$5,850–$6,000 Break could lead to $5,500 test
Altcoins - Most are already down 15–25% from recent highs
🧠 What Smart Traders Are Doing
✅ Scaling into dips around key support
✅ Watching whale wallets, ETF flows, and volume resets
✅ Setting tight stop-losses and avoiding high leverage
✅ Hunting for re-entries once liquidation flush is over
DYOR .
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