The digital asset market has entered a deep correction phase today, wiping out nearly $500,000 million in market value in less than a week. What began as an institutional profit-taking has transformed into a cascade of liquidations that has brought Bitcoin to levels not seen since late 2024.
The Flash Crash
Today's journey has been marked by extreme volatility. Bitcoin (BTC) broke through the psychological support of $75,000, touching local lows of $72,877. This drop is not isolated: BNB, the main asset of the Binance ecosystem, struggles to stay above $730, after a double-digit loss over the last 7 days.
Liquidations: In the last 24 hours, forced liquidations of over $800 million have been executed, mainly affecting over-leveraged traders.
Capital Flight: Bitcoin ETFs in the U.S. report net outflows of $2,900 million in the last 12 trading days.
2. The Fear Catalysts
Why did the market turn red? The answer is not only in the charts but in the global economy:
The "Warsh Effect": Kevin Warsh's nomination to lead the Federal Reserve has sent a clear signal: higher interest rates for longer. This strengthens the dollar and punishes risk assets.
Geopolitical Tension: The increase in hostilities in the Arabian Sea has caused a rotation of capital towards "Cash" and "Oil", leaving cryptocurrencies in the background as a refuge.
3. Projections for the Coming Hours
Technical analysis suggests that we are in an "extreme oversold" zone (RSI below 30 in shorter timeframes), which usually precedes a technical rebound.
Bullish Scenario (Rebound): A return to the $77,400 zone in BTC would be a signal of relief. If BNB recovers $760, selling pressure could pause.
Bearish Scenario (Continuation): If BTC closes the daily candle below $72,500, the market will seek liquidity at the moving average potentially descending near $68,000.
Important note: We are facing a necessary "cleaning" to eliminate excess speculation. For the patient investor, these corrections are often windows of opportunity; for the short-term trader, it is a minefield where risk management is the only salvation.
Remember to invest with a cool head, create your own strategies. If you know how to play well, pullbacks are profits.
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