Crypto Market Drop – What’s Behind It?
$BTC , $ETH , $DOGE , and $XRP are all down due to a mix of factors:
Macroeconomic pressure: Strong U.S. jobs data delays expected Fed rate cuts.
Massive liquidations: Over $800M wiped from long/short positions.
Options expiry: Billions in #BTC and #ETH options just expired, adding volatility.
Bearish on-chain signals: Traders are locking in profits, increasing sell pressure.
Stay cautious — volatility is high.
