#binance #Write2Earn #trumpnewstoday
š Why the Crypto Dump?
ā¢ U.S. tariff shock: New tariffs (10% on many imports, 35% on Canada) spooked markets, pushing risky assets lowerāincluding crypto. BTC fell ~3.2% to $114,800 over 24h, with major altcoins tanking too ļæ¼.
ā¢ Macro headwinds: Investors reacted to hawkish Fed warnings and growth concerns. Combined with nearly $632M in liquidations, this triggered pain for leveraged tradersāespecially in ETH and BTC futures ļæ¼.
š Technical & On-Chain Signals
ā¢ Bitcoin is trading below its consolidation range (~$117Kā$120K). Immediate support sits near $115K; a break could push it toward $111K ļæ¼.
ā¢ Ethereum retested resistance around $4,000 and failed, propelling it downward. Analysts warn of correction risks if it doesnāt reclaim $4K soon ļæ¼.
ā¢ Whales continue accumulating ETHā12 large holders scooped up 790,000 ETH ($2.9B) in the past week, suggesting confidence despite short-term price weakness ļæ¼.
ā¢ Warning signs for ETH: Over 700K ETH queued for withdrawal from staking, negative Coinbase premium indicating weak U.S. demand, $231M net sell pressure, and Ethereum Foundation selling 25,800 ETH ($100M) in recent months