> Over $80 billion wiped from crypto markets in 48 hours — is this a healthy correction or the start of a new downtrend?

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Key Highlights (As of July 24, 2025)

✅ Bitcoin hovers around ~$117.8K, down ~2.4%

✅ Ethereum falls below $3.6K, down ~5%

✅ Altcoins (XRP, DOGE, SOL) drop 7–13%

✅ $800M+ in leveraged long liquidations

✅ $131M outflow from Bitcoin ETFs

✅ Total crypto market cap drops to ~$3.84T

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What Caused the Dip?

1. Profit-taking after a strong rally

Bitcoin recently hit ~$123K and $ETH $3.8K. After a parabolic run since June, investors began locking in profits.

2. Leverage wipeout

Over $800M in long positions were liquidated, triggering cascading sell-offs across majors and altcoins.

3. ETF Bitcoin outflows

Bitcoin ETFs saw net outflows of $131M, while Ethereum ETFs continued to attract capital — highlighting a rotation in sentiment.

4. Whale BTC dump

A major wallet moved and sold 80,000 $BTC (~$9.6B), sparking fear across social media — despite being likely OTC.

5. Regulatory pressure in the US

The Genius Act was signed, strengthening stablecoin regulation.

Meanwhile, the Clarity Act, which could define crypto assets as securities, is causing market uncertainty.

6. Ethereum unstaking pressure

Over $2.34B worth of ETH is queued for withdrawal, which could exert short-term sell pressure.

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Technical Snapshot

BTC is holding the $117K–118K support zone, suggesting controlled pullback.

Altseason Index drops to 43 — capital is rotating back to BTC and stables.

Market sentiment is cautious, not capitulating.

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Outlook: Correction or Collapse?

This is widely viewed as a healthy cooldown, not a full-blown crash. The market remains in an uptrend on higher timeframes.

Key catalysts to watch:

FOMC policy updates next week

Ethereum ETF inflows

US crypto legislation progress (Clarity Act)

On-chain ETH unstaking behavior

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Final Take

Short-term volatility is shaking out leverage, while long-term fundamentals remain strong.

This pullback may offer an ideal “buy-the-dip” setup ahead of August catalysts.

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What’s your move?

Are you scaling in during this dip, or waiting for more signs?