♦️The crypto market plunged sharply, dragging major tokens like Bitcoin (-2.6%), Ethereum (-4.8%), XRP (-5.9%), ADA (-7%), LINK (-6.1%), SOL (-3.3%), and DOGE (-5%) into deep red territory. Only stablecoins stayed flat.

Why Is It Dumping?

1. Macroeconomic & Regulatory Shocks

* 🔺U.S. economic data (jobs reports, PPI) raised concerns about inflation and Fed policy, unsettling investors.

* 🔺Regulatory nerves—especially around ETF approvals and policy clarity—have rattled composure and confidence.

2. Massive Liquidations & Profit-Taking

* 🔺A wave of forced liquidations followed recent highs, with over $530M wiped out, shaking long positions.

🔺After recent surges, traders cashed in gains—especially in altcoins—adding downward pressure.

3. Risk-Off Sentiment & Global Tensions

* 🔺Geopolitical tensions and U.S. job market softness pushed traders into safe-haven assets.

* 🔺Broader market unease translated swiftly into crypto, reinforcing the sell-off across digital assets.

📉 What's Next?

* Watch for stabilization near key support zones—Bitcoin's range holds the line amid pressure.

* Potential rebound plays emerge—if macro sentiment eases and liquidation subsides, we're looking at a dip-buying opportunity.

* Altcoins are extra vulnerable—while Bitcoin may show resilience, altcoins could see deeper tests before recovery.

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