Crypto dropped 1.64% in 24h and is down 20% this month. Fear is high (15/100) and money is moving into Bitcoin (58% dominance).
Main reasons:
1. Binance facing a new lawsuit
2. Derivatives showing heavy short pressure
3. Weak tech stocks dragging crypto down
Deep Dive
1. Binance Legal Issues
A new lawsuit claims Binance handled over $50M in illegal transactions. This brings back worries after last year's big settlement. Spot volumes are down, and traders are hedging instead of buying.
2. Derivatives Pressure
Funding rates turned negative, meaning many traders are shorting. BTC is oversold, and a squeeze is possible if liquidity at higher levels gets tapped.
3. Macro Drag
Crypto is moving with the Nasdaq again (0.65 correlation). Tech stocks fell on AI job-loss fears, and crypto followed. ETF outflows show institutions are cautious.
#BTCRebound90kNext? #ProjectCrypto #TrumpTariffs
