💥 The crypto market today is down: here's why
1⃣ We are waiting for Powell's speech — possible tightening of Fed policy.
2⃣ Profit-taking after peaks (BTC > 124k USD).
3⃣ Leveraged positions are being liquidated, mainly longs — selling pressures prices.
4⃣ Technical indicators (evening star, death cross) suggest weakness.
5⃣ ETFs $BTC and $ETH are experiencing capital outflows — weaker sentiment.
Is this a correction or the beginning of a larger wave of declines? Time will tell — but it's worth watching the Fed's reaction and support levels.
