The entire crypto market lost 6–7% today, wiping out over $160 B in value, following a $1B+ liquidation blowout. Here’s what’s behind the chaos… and what to expect before Sunday. TradingViewCryptonews
⚠️ What’s Happened So Far:
Galaxy Digital dumped ~10,000 BTC (~$1.18 B), triggering a $152 M liquidation cascade.
BTC fell nearly 3% to $115K, slashing ETF-driven momentum. Yet ETH held up, surprisingly rising ~0.5% to ~$3,346. icobench.com+7The Economic Times+7The Economic Times+7
Altcoins got hit harder: SOL & XRP dropped up to 5%, while ETH showed relative strength. The Economic Times+1The Economic Times+1
My Take:
In my opinion, this isn’t the start of crypto winter—it’s a pause. Smart money is cooling off after a 24% rally this month. Liquidations and whale moves amplified the correction, but ETH resilience gives me hope.
If BTC holds $115K and ETH holds $3,500 into Sunday, we might just shake out weak hands and keep the bull story alive. But if those levels break, brace for a retest of $110K BTC and $3K ETH, with altcoins bleeding further.
Go-To Strategy:
Watch BTC at $115K — key pivot zone
For ETH: $3,500 support / $3,730 resistance
Altcoins: look for oversold setups or strong support zones near recent lows
Always manage risk—limit leverage and avoid FOMO buys
$BTC #MarketSentimentToday #MarketMeltdown
