«Adrenaline» drop — BTC and ETH plummeted nearly 3%! Why?
1. **Sudden drop from a 'whale'**: one large player sold ~24,000 BTC in conditions of low liquidity — and bam! — BTC fell below $111,000. Mass liquidations ensured.
2. **Emotions after Jackson Hole**: initially, Powell's speech instilled hope — interest rate cuts 'on the way'. And then… doubts: can the Fed really make concessions? And the market 'turned away'.
3. **Technical fatigue**: after record highs — $124,000 for BTC, $4,900 for ETH — it was time to 'take profits'. That's the fix — and here’s the result.
4. **Weekend trap**: trading volume is lower on weekends, liquidity is scarce — the perfect time for a stop-loss attack.
5. **Whales switch to Ethereum**: decreasing ETH supplies on exchanges and growing institutional interest — a signal that part of the attention is shifting to ETH.
🔍 Summary:
- **BTC**: down ~2.9%, price – $111,500–112,000.
- **ETH**: down ~3–3.5%, price – $4,600–4,700.
🚀 This is a strong move, but much depends on further reactions to macro indicators and the recovery of market trust. Those who managed to understand the essence — find themselves in profit 😉.
