🔴Market Decline and Loss of Gains📈
🔸️The market is experiencing a phase of heavy selling after disappointing U.S. employment data and geopolitical fears; causing Bitcoin to drop to around $113,648 on August 2 (~‑2%).
🔸️Bitcoin and Ethereum ETF funds recorded the second-largest financial outflow this year, with $812 million from Bitcoin and $153 million from Ethereum, thus ending a 20-day streak of positive inflows for Ethereum.
🐳 Sale of 30,000 BTC by a single whale
🔸️More than 30,000 Bitcoins (~$3.5 billion) were transferred to exchanges like Binance and OKX, leading to widespread liquidation and increased pressure on prices.
📉 Warnings from Top Analysts
🔸️Arthur Hayes warned that BTC could drop to as low as $100,000 and ETH to $3,000 if the U.S. economy continues to decline, and noted that he has already sold part of his holdings and converted them to USDC.