🔹 Bitcoin (BTC) opened the week with a drop of nearly –3 %, hovering around $113,000 after a 'flash crash' triggered by a massive whale sell-off (24,000 BTC). This liquidation dragged down over $300M in leveraged positions, shaking the market.
🔹 Ethereum (ETH) also fell between –2 % and –4 %, after having touched $4,900 a few days ago. Despite the pullback, it remains the asset that attracted the most institutional purchases this month.
🔹 Meanwhile, BTC dominance is retreating as some traders shift capital towards altcoins and DeFi ecosystem tokens, seeking 'the next big play'.
📈 Wall Street, for its part, opened with mixed feelings:
The Dow Jones slightly retreats,
The Nasdaq rises thanks to the tech boost (Nvidia and Intel in focus),
The S&P 500 remains nearly flat.
👉 The key factor: the statements from Fed Chair Jerome Powell, which reinforced expectations of rate cuts in September. Markets are torn between euphoria for monetary relief and caution over inflation data.
🔑 Key points for today:
Whales move the crypto market with force.
The Fed keeps the narrative of rate cuts alive.
Altcoins and the US tech sector attract investor attention.
💬 Question for you:
Do you think whale selling is the beginning of the end of the Bitcoin rally or just a shakeout before new highs?
👉 Leave your opinion in the comments and don't forget to follow me for more daily analysis.
