@snakshambillion.base.eth
GM everyone ☀️
crypto correcting hard
Bitcoin: $85,390 (down 18.4% this week)
Ethereum: $2,800 (down 7.4%)
Market cap: $3.1T (down 17% this month)
this is capitulation, not a dip
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why it happened:
JPMorgan: $4B ETF outflows confirmed
retail capitulated completely
Fed rate-cut bets collapsed
leverage liquidated
long-term holders took profits
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what changed:
Bitcoin trading like macro asset now
correlated with S&P 500
Fed policy matters more than crypto news
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support levels:
Bitcoin: $86K broken, $85K next
Ethereum: $3,600 critical
if $80K breaks = cascade risk
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real situation:
conviction collapsed
institutions nowhere
recovery needs macro clarity first
bottom not confirmed yet
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wait for Fed signals
unemployment data
macro clarity
that's the play
manage risk
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