RISK-OFF JUST HIT CRYPTO FROM THREE SIDES.

$BTC rejected $65.6k - slid to ~$63k
as Asia dumped chip risk

Kospi hit circuit breaker after ~-8%
one of its worst days in years

Clarity Act got shelved again
Russia bill + nominations first
Aug 8 recess clock is loud

spot btc etfs still bleeding
third red day - conviction thin

leverage got farmed hard
~$700m liquidations / ~165k traders
AI + L1 ate the worst tape
$FET $NEAR $HYPE down ~8-10%

next catalyst is Fed on Jul 29
this isn't just a candle
it's macro + policy + Asia risk
stacking into the same session