#binance #Write2Earn #trumpnewstoday
📉 Why the Crypto Dump?
• U.S. tariff shock: New tariffs (10% on many imports, 35% on Canada) spooked markets, pushing risky assets lower—including crypto. BTC fell ~3.2% to $114,800 over 24h, with major altcoins tanking too .
• Macro headwinds: Investors reacted to hawkish Fed warnings and growth concerns. Combined with nearly $632M in liquidations, this triggered pain for leveraged traders—especially in ETH and BTC futures .
📊 Technical & On-Chain Signals
• Bitcoin is trading below its consolidation range (~$117K–$120K). Immediate support sits near $115K; a break could push it toward $111K .
• Ethereum retested resistance around $4,000 and failed, propelling it downward. Analysts warn of correction risks if it doesn’t reclaim $4K soon .
• Whales continue accumulating ETH—12 large holders scooped up 790,000 ETH ($2.9B) in the past week, suggesting confidence despite short-term price weakness .
• Warning signs for ETH: Over 700K ETH queued for withdrawal from staking, negative Coinbase premium indicating weak U.S. demand, $231M net sell pressure, and Ethereum Foundation selling 25,800 ETH ($100M) in recent months
