🚨 Crypto Shock: What Happened in the Last Few Hours
Bitcoin (BTC) dropped about 2.1%, falling from its intraday peak around $118.9K to roughly $115.9K.
Ethereum (ETH) lost around 3.6%, slipping from nearly $3,875 down to about $3,650 before recovering slightly.
📉 What Triggered the Sudden Sell‑Off?
1)Mass Liquidations of Leverage Trades
Thousands of leveraged long positions were forcefully closed, pushing prices sharply lower—an estimated hundreds of millions of dollars wiped out across BTC and ETH. Longs took the heaviest losses, fueling a cascade-style decline.
Whale Activity & Profit‑Taking
2)Large holders realized gains near recent highs, offloading Bitcoin and triggering cascading alert signals. CryptoQuant data flagged $6–8B in profit-taking by whales in late July, putting pressure on BTC near $115K
3)USA new tariff
