🚨 Crypto Market Pullback – What’s Really Going On?
Bitcoin’s hovering around $118K, just off recent highs near $123K. Altcoins are bleeding, but this dip isn’t random — here’s what’s behind it:
🔹 ETF Outflows – GBTC has seen major withdrawals. Spot Ethereum ETFs are still in limbo, delaying fresh bullish momentum.
🔹 Profit-Taking & Liquidations – Massive futures leverage got flushed. Nearly $1T in open interest unwound, triggering chain-reaction selling.
🔹 Mt. Gox BTC Repayments – $9B worth of Bitcoin & BCH is being returned to creditors. Even if only a fraction sells, it adds serious pressure.
🔹 German Govt Selling BTC – Thousands of seized BTC have been moved to exchanges, boosting supply during a fragile period.
🔹 US Macro Uncertainty – No Fed rate cuts yet, inflation’s sticky, and DXY (dollar index) rising = weak risk asset appetite.
🔹 Regulatory Friction – SEC’s aggressive stance (esp. with Binance, ETH staking) adds fear. Institutions are cautious.
🧠 No panic selling here. I’m steadily DCA’ing into strong, long-term projects with real utility and solid fundamentals only.
✅ Bitcoin (BTC)
✅ Ethereum (ETH)
✅ Chainlink (LINK)
✅ Polkadot (DOT)
✅ Avalanche (AVAX)
✅ NEAR Protocol
✅ Cosmos (ATOM)
📅 What’s Next?
If BTC holds $115K–118K, we may consolidate. Break below $115K and $111K could be tested. Recovery likely between late August–September, especially if ETF approvals and macro shifts go positive.
📌 Don’t chase hype. Focus on fundamentals. Stack smart.
