📉 Crypto Market Correction
From August 1st to 3rd, the crypto market faced a sharp pullback, wiping out billions in market cap and shaking out weak hands.
🔻 Key Highlights:
• BTC dropped from ~$63.5K to lows near $58.8K
• ETH slid below $3.2K support
• Altcoins saw deeper hits, with some correcting 15–25%
• Over $850M in liquidations across major exchanges
• Fear Index spiked as sentiment flipped bearish
💡 What Caused It?
• Profit-taking after July rallies
• Weak macro sentiment & ETF cooling
• Key support levels retested across the board
🔄 What’s Next?
Many coins now sit near major demand zones — especially altcoins like $SOL, $ENA, $SHIB, and $ARB.
Watch for signs of consolidation or bounce — but don’t rush in. Smart entries matter more than fast ones.
📊 Reminder:
Corrections shake out noise. Conviction holds through volatility.
