$BTC Gave back 6% in a day, and last night's dream of breaking through 80,000 has been completely dashed.
Binance spot fell from 80,648 to 75,776 in 24 hours, hitting an intraday low of 75,208.
$ETH fell even harder, down 8.2% over 24 hours—more than two percentage points steeper than BTC's decline.
When altcoins fall harder than Bitcoin like this, it usually means money is pulling out, not simply changing hands.
My take: in the short term, watch whether 75,200 holds. If it does, that would be a breather after the sharp drop. If it breaks, don't rush to buy the dip—wait until it gets back above 78,000 before talking about a rebound.
Binance spot fell from 80,648 to 75,776 in 24 hours, hitting an intraday low of 75,208.
$ETH fell even harder, down 8.2% over 24 hours—more than two percentage points steeper than BTC's decline.
When altcoins fall harder than Bitcoin like this, it usually means money is pulling out, not simply changing hands.
My take: in the short term, watch whether 75,200 holds. If it does, that would be a breather after the sharp drop. If it breaks, don't rush to buy the dip—wait until it gets back above 78,000 before talking about a rebound.