MeowAlert
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Guys, Why Is the Market Red? After Researching I Found This Reason
I went digging into what’s really pulling crypto down today, and it’s not some hidden issue inside the market. The main spark came from the latest U.S. inflation numbers—Producer Price Index came in hotter than expected. That instantly shook confidence because it means the Fed might hold off on cutting rates, and risk assets like Bitcoin and Ethereum always feel that pressure first.
Right after the data dropped, liquidations exploded. I watched hundreds of millions in longs get wiped out within an hour, and by the end of the day, it was over a billion. That kind of forced selling plus profit-taking from people who bought earlier made Bitcoin slip from near $124K down to around $116K-$119K, with Ethereum also taking a hit.
For me, this isn’t weakness in crypto itself—it’s just how sensitive the space still is to macro numbers. Don’t panic, moves like this happen when the market overreacts to economic data. I see it more as a reminder that timing and patience matter a lot when stepping in.
$BTC | $ETH | $XRP
I went digging into what’s really pulling crypto down today, and it’s not some hidden issue inside the market. The main spark came from the latest U.S. inflation numbers—Producer Price Index came in hotter than expected. That instantly shook confidence because it means the Fed might hold off on cutting rates, and risk assets like Bitcoin and Ethereum always feel that pressure first.
Right after the data dropped, liquidations exploded. I watched hundreds of millions in longs get wiped out within an hour, and by the end of the day, it was over a billion. That kind of forced selling plus profit-taking from people who bought earlier made Bitcoin slip from near $124K down to around $116K-$119K, with Ethereum also taking a hit.
For me, this isn’t weakness in crypto itself—it’s just how sensitive the space still is to macro numbers. Don’t panic, moves like this happen when the market overreacts to economic data. I see it more as a reminder that timing and patience matter a lot when stepping in.
$BTC | $ETH | $XRP
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