๐ช๐ต๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ฑ๐ฑ๐ฒ๐ป๐น๐ ๐ฐ๐ฟ๐ฎ๐๐ต? ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ โ๏ธโ๏ธ
$BTC has dropped from its ATH to around $117.6k โ which is perfectly normal, as the market usually corrects after hitting a new high. The market wonโt just keep pumping; corrections are part of the cycle. However, such sudden crashes donโt happen without multiple factors behind them.
Key Reasons:
1. Profit-taking & Technical Correction โ Traders sold after BTC hit ~$124K.
2. Inflation Concerns โ US inflation data reduced hopes for Fed rate cuts.
3. Institutional Selling โ Some whales took profits despite ongoing ETF inflows.
4. Macro Uncertainty โ Upcoming CPI report making investors cautious.
5. Fear & Sentiment Shift โ Sudden change in market mood triggered selling.
#news ๐ฐ
USA โ PRODUCER PRICE INDEX (July)
m/m = +0.9% (forecast +0.2% / previous 0%)
y/y = +3.3% (forecast +2.5% / previous +2.3%)
Core PPI = +3.7% y/y (forecast +3% / previous +2.6%)
Thereโs a CME gap around $116,600. If the market fills this gap and holds above $117K, a pump could follow. But if it fails to hold, we may see a move toward $112K.
I always say โ donโt FOMO just because the market is green. Control your emotions and wait for the right opportunities.
