📉 Why Did #Bitcoin Drop 3.3% Today?
🚨 BTC plunged to $114,300 — a 3-week low — and here’s why:
🔹 Trump’s Tariff Shock:
An executive order slapping 39% tariffs on non-trade-deal countries spooked markets.
🟢 Dollar surged (DXY +3%)
🔴 $110B wiped from crypto in 12 hrs
🔹 Liquidation Cascade:
💥 $644M in crypto liquidations
🔁 76% were long positions — fuel for a sharp dump
📈 Open interest jumped 17% before the crash
🔹 Technical Breakdown:
📉 Lost key support at $118,859 (Fib level)
🔻 RSI dropped from 54 → 49.4
📌 Support zones: $114.5K & $111K
✅ CME futures gap at $114,322 now filled
📊 Fear & Greed Index: Neutral (57)
🧠 All eyes on tonight’s NFP jobs data for the next move.
👉 If tariffs escalate, will btc mirror stocks more closely?
