🟥 Market Bleeds Red: How to Stay Safe in the August 1 Crash
Hello friends i know you all are worry and Today’s market crash caught many off guard. As seen in the chart, Bitcoin dropped to $114K, and Ethereum fell over 5%. But why?
According to CoinDesk, the U.S. Fed decided to hold interest rates, crushing investor hopes of a cut. On top of that, South Korea and Japan imposed stricter crypto regulations, especially targeting exchanges and privacy coins. That created a shockwave across Asia, leading to massive selloffs. Over $900M in long positions were liquidated within hours.
So what should you do now?
👉 Stay calm. Avoid panic selling.
👉 Tighten your stop losses and reduce leverage if you're in open trades.
👉 Watch stablecoins and BTC dominance for market reversal clues.
👉 Don’t FOMO into falling altcoins wait for confirmation candles before re-entering.
👉 This could take days or even weeks be patient.
Markets like this shake out weak hands. Smart money waits and watches. Yes, there’s a chance of recovery, but not immediately the sentiment is weak and volume is low.
thanks