📉 Crypto is again in the red zone - what is happening?
📊 Macro shock: weak labor market data in the USA → investors flee to gold and bonds, pulling cash out of crypto.
💣 Tariff shock: new US tariffs on imports (up to 35% from certain countries) have crashed market sentiment.
🐳 Profit taking: whales sold at the highs, with ~$900M in longs liquidated in a day.
🔻 Technicals: BTC couldn't hold $117K, dropped to $114K, altcoins followed suit (ETH –3%, SOL –2.7%, DOGE –3.7%).
⚖️ Regulation: uncertainty regarding ETFs and new rules from the SEC is fueling the fire.
⚠️ Key level for BTC: $114K–115K. If we hold - there will be a chance for a rebound. If we break - the road to $110K.
The market is currently in risk-off mode - money is moving from risk to 'safe havens'. But such drops often become fuel for the next wave of growth.
