#BTCDipOrRebound 📉 Crypto Market Dips 3% to $3.1T – Key Reasons Behind the Drop
The market is facing a sharp pullback due to multiple factors:
🔹 Bybit Hack Fallout → $1.4B exploit shakes confidence
🔹 Risk-Off Sentiment → Investors turn cautious
🔹 Technical Resistance → Recovery faces major hurdles
📊 Ethereum Leads the Drop:
🔻 ETH falls 5% below $2,700
🔻 BTC & SOL drop 0.8% & 9%, respectively
🔻 XRP, DOGE & ADA tumble 4.5%, 6.3%, & 6%
💥 Mass Liquidations Add Pressure
💰 $268M liquidated in 24 hours, with ETH longs losing $40.1M
🏦 Institutional Investors Exit → $508M outflows for 2nd week
📊 Bitcoin ETFs lost $571M amid economic uncertainty
⚠️ Key Levels to Watch:
🔸 Support: $3.03T (critical since Nov 2024)
🔸 Resistance: $3.2T (must reclaim for recovery)
📉 Fear & Greed Index: 40 (Neutral) – Is the market stabilizing or heading lower? 🤔 #Crypto #Bitcoin #Ethereum #MarketPullback #InfiniHacked #ETHPriceWatch $BNB