📉 Why Is the Crypto Market Down 3.83% Today?
🚨 Risk-off mode is back — here’s what triggered the sell-off:
🔹 Leverage Meltdown
💣 $177.8M in BTC liquidations (+146% in 24h)
📉 BTC lost $115K support
⚠️ Over-leveraged longs wiped as open interest surged 17.56%
🧊 Funding rates collapsed 57% in 7 days
🔹 Regulatory Pressure
⚖️ SEC’s Ripple appeal deadline (Aug 15) looms
🏢 Metaplanet’s $3.7B BTC raise sparks ETF concerns
📉 ETF inflows slowing after 12% AUM rise in 30 days
🔹 Whale Moves + Macro Link
🐋 Dormant 2010 BTC wallets moved (100 BTC sold)
📊 Crypto–Nasdaq correlation hit 0.89 — traders are treating crypto like high-risk tech stocks
🌐 Tariffs + global tension adding fuel
📍 Key BTC level: $113K
📉 RSI at 40.59 — neutral zone
🔍 Will altcoins hold strong if BTC finds support, or is a deeper Q3 correction coming?
#CryptoMarket #BTC #altcoins #BinanceSquareTalks #cryptocrash
