🚨 Crypto Meltdown: The Perfect Storm Hits Bitcoin & Ethereum 🚨
The crypto market is facing its toughest hour yet. Bitcoin has shattered key support, plunging below $76,500, while Ethereum free-falls over 7% to $2,225. This isn’t just volatility — it’s a confidence crisis driven by a brutal mix of technical, structural, and macro forces.
Analysts like John Glover (Ledn) suggest Bitcoin is in a corrective Elliott Wave IV, targeting a bottom between $71K–$84K before any rebound in Wave V. But the true shock came when Kevin Warsh, a known Fed hawk, was nominated as Fed Chair — igniting a global risk-off reaction that spilled into crypto.
The bigger issue? The market’s “diversification” dream is broken. From DeFi to Layer 1s, everything is moving in lockstep with Bitcoin. The only safe haven left: stablecoins, as money flees from risk.
📉 Critical Stats Right Now:
- Fear & Greed Index: 18 (Extreme Fear)
- U.S. Bitcoin ETFs: $509.7M outflows in one day
- BTC Futures OI: $50.5B , lowest since April 2025
The next battleground: $72,400–$70,100. If Bitcoin breaks below, liquidation cascades could follow. Still, experts like Tom Lee (Fundstrat) note timing and price are aligning for a potential bottom — but only if ETF flows and Fed clarity return soon.
#GoldSilverRebound #Write #ADPWatch #TrumpEndsShutdown #USIranStandoff $BTC $ETH