While Asia was trading, we noted BTC’s plunge—and now the picture is becoming clearer. Bitcoin is trading at $75,790 (-4.77%), and the pressure isn’t coming from within crypto. The Nasdaq is in correction territory, AI trading is cooling off, and institutional investors are reducing risk. Layer 2 is the first casualty: transaction volumes on Arbitrum and Optimism are falling in sync with market sentiment. When “smart money” leaves, L2 loses TVL faster than L1. Is this a temporary recalibration or the start of a deeper correction?

$BTC $ARB #Layer2 #Bitcoin $NEAR