đ Why BTC, ETH, DOGE & SHIB Are Pulling Back Right Now
The crypto market is cooling off, dragging down the giantsâBitcoin, Ethereum, Dogecoin, and Shiba Inu. Multiple triggers are in play:
1. Macro & Trade-War Concerns
Rising fears of a global trade conflictâfueled by Chinaâs warning over U.S. tariff threats and Trump suggesting new 25% tariffs on Japan and South Koreaâare shaking risk appetite. The ripple effect is clear: Bitcoin slid to the $108K zone, pulling altcoins down along with it .
2. Mass Liquidations & Profit-Taking
24âhour stats show over $562 million in BTC liquidations, mainly from long positions. Onâchain data indicates long-term holders are cashing in, locking in gains from Q2âs surge .
3. BTC Weakness Drags Altcoins
With Bitcoin in a tight range, all other coins are feeling the heat. Coingape notes a 4% dip in Ethereum, a 4% drop in Dogecoin, and similar losses in Shiba Inuâthe sharp correction is a direct result of BTC-led risk aversion .
4. Shiba Inu Underperformance
SHIB faces additional pressure: Whale and retail activity has waned, daily transactions hit one-year lows, and its DeFi layer, Shibarium, saw TVL shrink from $6.4M to $1.9Mâsignaling weak demand .
đ What Traders Should Watch
Support Zone for BTC: $106Kâ$108K
Liquidation Levels: Watch Coinglass funding/futures flows
Whale Activity: If major holders stay quiet, expect deeper downside
Macro Headlines: Every tweet or tariff chatter can shift momentum
đ§ Bottom Line
This isnât a crashâitâs a profit-taking correction amid macro uncertainty. Onâchain signals and risk-off flows are driving a measured pullback. For disciplined traders and HODLers, it could be a buy-the-dip setupâbut only if support zones hold.