🔥 Crypto Free Fall: 5 "Punches" That Made the Market Lose Nearly 100 Billion USD!

This morning, the cryptocurrency market is "bleeding red" with a sharp drop of 3.65%, wiping out about 97 billion USD from the total market capitalization. Behind this correction are a series of global factors putting immense pressure:

🔻 1. Technology Downturn – Nvidia Choked

The Donald Trump administration continues to tighten the export of AI chips from Nvidia to China, causing a panic wave among tech investors and spilling over into the crypto market. Nasdaq 100 futures fell more than 2.3%, while European giants like ASML lost up to 7%.

💥 2. China Suspected of "Dumping" 15,000 BTC

Reports from Cointelegraph suggest that China may be selling off a large amount of seized #Bitcoin BTC, worth over 1.4 billion USD. This flow of BTC is entering foreign exchanges, creating immense selling pressure.

💣 3. Futures Liquidation Explosion

In the past 24 hours, over 245 million USD worth of futures contracts have been liquidated, pushing the market into a "self-sliding" state as investors flee.

📉 4. Technical Alerts for Correction

Indicators such as RSI exceeding 70 and convergence averages show that the market is "overheated" and needs correction.

🌍 5. Concerns Over Global Recession

New tariff policies from the U.S. have raised the risk of recession, dragging down global risk sentiment and significantly impacting the cryptocurrency market.

👉 Nevertheless, large funds are still "buying in," indicating that long-term confidence remains unshaken.

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