Crypto Markets Brace for Key Economic Signals as Sell-off Intensifies
Crypto's getting hammered—again. Traders are dumping positions faster than a hot Bitcoin mining rig, all because some Fed bureaucrat might hint at rate hikes. Because apparently, decentralized digital assets still dance to traditional finance's tune.
The Great Unwind
Liquidations are stacking up like unconfirmed transactions. Longs getting wrecked, leverage getting nuked—classic crypto carnage. Everyone's watching the economic calendar like it's a whale wallet movement.
Institutional Jitters
Hedge funds are sweating more than a node operator during a hard fork. They're repositioning portfolios, hedging bets, and generally acting like traditional finance dinosaurs facing a meteor. The irony? They're the ones who brought 'institutional adoption' here.
The Retail Bloodbath
Meanwhile, retail's catching the worst of it—as usual. Paper hands selling at the bottom, FOMO buyers now nursing -40% portfolios. Another day, another lesson in 'don't invest what you can't afford to lose' that nobody ever learns.
Silver Linings Playbook
Volatility breeds opportunity for those with dry powder. Smart money's accumulating while weak hands panic sell. History doesn't repeat, but it sure rhymes—especially in crypto cycles.
So here we are: digital gold getting treated like tech stocks, all because some economic indicators might suggest people should stop spending money they don't have. The future of finance, everyone.
No negative developments emerged today, but the Federal Reserve minutes will be released tomorrow. Regular followers of COINTURK are aware of three major reasons why a decrease in cryptocurrency values is anticipated. At present, Bitcoin
$112,847 is progressing towards a weekly target of $112,500. What insights do analysts provide on the current situation?
Will Cryptocurrencies See Further Decline?
BTC is expected to face a critical test at $112,500, and as of writing, its daily low reached $112,837. Trading volumes are appearing weak, and buyers are losing strength. If there are significant outflows from ETFs in the coming hours, a daily candle closure might prompt more selling.
With the Fed minutes impending, followed by the Jackson Hole event, and Powell’s significant economic discourse looming, investors are understandably reducing risks daily, making the current drop unsurprising.
An analyst referred to the current BTC situation as “terrible,” suggesting a short-term grim outlook.
“The news for BTC looks terrible in the short term. The good news is, I believe we’ll see a recovery relatively soon. I anticipate a reasonable bounce between $110,000 and $112,000.”
Kyle highlighted notable weaknesses in futures trading and listed four key points.
“PERPS CVD hit a sudden low. It dropped to 1.13B (691%) and is now in the lower band (-1.08B). Heavy selling pressure indicates a clear downtrend. Surrender sentiment is everywhere… Yet at these levels, seller exhaustion might not be far. Do you think we will recover here, or will the bleeding persist?”
ETHBTC Forecasts
For Ethereum
$4,121, $4,150 was a vital level. Ether continued the day with over a 5% loss, falling below the key zone. What about the ETHBTC pair? Concerns materialized as the price fell to 0.036BTC. A gradual decline was projected toward this point, targeting 0.04. Now, sales might accelerate, experiencing more losses below 0.0355BTC in altcoins.
Long-term market observer Mister advises not overemphasizing the current short-term negativity.
“The ETH/BTC ratio has surpassed the 365-day moving average. Historically, this level marks the start of Ethereum’s bullish cycles. This time won’t be an exception.”
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