The BTC, ETH, BNB and overall crypto market is down due to a combination of global and crypto-specific factors. Here are the main reasons:
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๐ 1. Profit-Taking After July Rally
In July 2025, BTC and ETH saw some gains.
Traders are now taking profits, causing a sell-off and short-term correction.
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๐ 2. Global Economic Concerns
Rising interest rates or hawkish tone by central banks (like the Fed) weakens investor appetite for risk assets like crypto.
China and EU market slowdowns are affecting global sentiment.
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๐งพ 3. Regulatory Pressure
Uncertainty from U.S. SEC or other regulators on Ethereum ETFs, DeFi rules, or crypto exchange crackdowns is shaking confidence.
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๐ 4. Low On-Chain Activity
On-chain data shows low transaction volumes and stagnant new user growth.
Low network usage = weak fundamentals in the short term.
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๐ฃ 5. Liquidations & Leverage
Many traders used high leverage.
As prices drop, mass liquidations happen, triggering more sell pressure (cascade effect).
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๐น๏ธ 6. Whale Activity
Some large holders ("whales") may be selling or moving funds, causing panic among retail investors.
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๐ฎ What to Watch Next?
Bitcoin support near $57Kโ$60K
Ethereum support around $3,000
If BTC drops below key support, more downside could come short-term.