📉 Why is the crypto market falling today?
Bitcoin $BTC drops 3.48% to around USD $81.200 and eight of the ten largest cryptocurrencies are in the red.
🔻 Liquidations: around $651 million in long bets forcibly closed.
🏦 ETFs: outflows of $277.2 million from spot bitcoin ETFs on October 7.
🌍 Macro: the 30-year bond yield is at its highest since 2002, and the Fed will decide on October 28.
🔐 Noise: the risk to wallet security with AI is being debated, with no confirmed causality.
⚠️ DYOR / Not financial advice
$ETH $SOL
Bitcoin $BTC drops 3.48% to around USD $81.200 and eight of the ten largest cryptocurrencies are in the red.
🔻 Liquidations: around $651 million in long bets forcibly closed.
🏦 ETFs: outflows of $277.2 million from spot bitcoin ETFs on October 7.
🌍 Macro: the 30-year bond yield is at its highest since 2002, and the Fed will decide on October 28.
🔐 Noise: the risk to wallet security with AI is being debated, with no confirmed causality.
⚠️ DYOR / Not financial advice
$ETH $SOL