Crypto markets are selling off hard again today, wiping out billions in hours. Here’s the breakdown:
📉 The Damage
· Total market cap down ~3.2% to $2.57T
· Bitcoin dropped ~4% to ~$75.7K
· Ethereum fell ~6% to ~$2,220
· Altcoins (SOL, XRP, ADA) followed lower
💥 Why It’s Happening
1. Leverage Unwind – $55M+ longs liquidated in 2 hours.
2. ETF Outflows – U.S. Bitcoin ETFs saw ~$2.8B outflows recently.
3. Thin Liquidity – Low buying support amplifies moves.
4. Risk-Off Mood – Fear & Greed Index at 17 (Extreme Fear).
🏃 Capital Fleeing to Safety
While crypto drops, traditional havens rally:
· Gold ↗️ +11% (~$3T added)
· Silver ↗️ +20% (~$800B added)
~$4T flowed into metals in 30 hours.
🔄 What to Watch
· Fed Meeting – Next big catalyst for sentiment.
· Ethereum Support – Broke key level; needs stabilization.
· Bitcoin Levels – If sell-off continues, $58K could be next major support.
🎯 Bottom Line
This isn’t about one news item.
It’s a structural shakeout: leverage + outflows + weak sentiment = high volatility.
Stay patient. Watch the charts, not the headlines.
⚠️ Not financial advice.
