What happened to the market today?

Here are the main reasons according to the latest reports:

1. Technical Pullback of Bitcoin (BTC)

Bitcoin has shown a slight decline, sitting below 94,000 USDT after a period of consolidation.

Buyer exhaustion: After trying to hold above 95,000 USDT, the price failed to break strongly upward, causing many traders to close positions to secure profits.

Short-term bearish sentiment: Funding rate indicators show a shift towards a cautious sentiment, which usually precedes small corrections.

2. Regulatory Uncertainty in the U.S.

It has been reported that the U.S. Senate is facing difficulties in passing the bill on the cryptocurrency market structure. The lack of legal clarity in the world's largest economy often generates nervousness and preemptive selling.

3. Movements of "Whales" (Large Investors)

A massive movement of approximately 20,000 ETH (about 65.5 million dollars) was detected from the Arbitrum network to Binance. When large amounts of cryptocurrency enter an exchange, the market often interprets it as an intention to sell, which increases downward pressure on the price.

4. Capital Outflow to "Safe Haven" Assets

At the macroeconomic level, fears persist about a possible rise in inflation in 2026. This is causing some institutional investors to withdraw capital from risk assets like cryptos to move it to Treasury bonds or gold, especially after reports that capital inflows into Bitcoin ETFs have momentarily cooled.

Current price summary (approx.):

Bitcoin (BTC): Hovering around $93,800 (-1.39% in the last 24h).

Ethereum (ETH): Close to $3,320.

BNB: Holding strong near $950, although with low buying volume.