📊 Crypto Market Outlook Ahead of US GDP Data

The crypto market remains under pressure as traders wait for the US GDP release, a key macro trigger.

📉 Market Snapshot

• Total market cap down 1.7% to $2.97T

• Bitcoin near $87.3K, still below $88K

• Ethereum below $3,000, XRP under $2

• Major alts consolidating near support

😨 Risk-Off Sentiment

The Crypto Fear and Greed Index has dropped to 24 (extreme fear). Liquidations rose 11% to $222M, while derivatives open interest climbed to $129B, showing heavy positioning ahead of macro data.

🗓 Why GDP Matters

US GDP is expected at 3.2% for Q3. Along with the GDP Price Index, it could shape expectations for the Federal Reserve and interest rate policy.

🔍 What to Expect

• Strong GDP may pressure crypto

• Weaker data could spark a relief bounce

Volatility is likely. Traders are bracing for the next move.