🚨 Crypto Market Pullback: What’s Going On? 🚨
The crypto market is bleeding today, but don't panic. Here’s what’s driving the dip:
🔻 BTC & ETH Dip
Bitcoin dropped to ~$117K, and ETH is hovering around $3.6K. The broader market cap slid below $4T. Altcoins across the board are in the red, no one is immune right now.
📉 Profit-Taking After the Rally
After weeks of bullish momentum, many traders are locking in profits. This wave of selling is triggering liquidations and short-term corrections.
💸 ETF Outflows Hit Hard
BTC spot ETFs saw ~$130M in net outflows after a 12-day inflow streak. This shake-up is putting pressure on prices, while ETH ETFs still attract some capital.
🧠 Market Sentiment
Despite red candles, fear isn’t dominating. On-chain data still shows investor confidence, we’re likely in a healthy consolidation, not a full-on crash.
📊 Key Levels to Watch
BTC support: $115K
ETH: $3.5K
A drop below these could trigger deeper corrections, but staying above may set up the next leg higher.
⚠️ Be Cautious on Altcoins
With Solana also in red, this isn’t an altcoin bounce, it's a broad pullback. Any potential rotation will need to show real strength.
🧭 What You Can Do
- Monitor $115K (BTC) & $3.5K (ETH)
- Reassess positions if macro news swings
- Don’t chase the bottom, wait for clear support
- Enjoy the dip? Consider caution, volatility remains high
Stay sharp, DYOR and don’t let short-term noise derail long-term conviction. 📉📈
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