SOL lost its grip on $80 and slid to $75.2 overnight, down 3.9% in 24 hours—the steepest drop among major coins.
At 11 p.m. yesterday, it was still struggling to hold $80. Now even the $75 mark is barely within reach.
This isn't just a problem for SOL.
BTC is at $66,837, down 2.9% in 24 hours and at a new low for March; ETH is at $1,887, having decisively lost the $2,000 level.
Liquidations across the market totaled $1.26 billion over 24 hours, with longs accounting for more than 86%—dip buyers are being carried out one after another.
U.S. spot BTC ETFs have seen six straight days of net outflows, while talk of a December Fed rate hike is growing louder. Liquidity pulled out first, and prices had no choice but to follow.
My take: SOL isn't being tested on fundamentals right now; the question is whether it can hold on to $75.
Hold $75, and a rebound is still on the table. A high-volume break below it, and the next stop is $70.
On the flip side, reclaiming $80 and holding above it would invalidate today's bearish thesis.
Which side are you on: buying the dip at $75, or waiting for $70 before making a move?
$SOL $BTC $ETH
#SOL #BitcoinCrash
At 11 p.m. yesterday, it was still struggling to hold $80. Now even the $75 mark is barely within reach.
This isn't just a problem for SOL.
BTC is at $66,837, down 2.9% in 24 hours and at a new low for March; ETH is at $1,887, having decisively lost the $2,000 level.
Liquidations across the market totaled $1.26 billion over 24 hours, with longs accounting for more than 86%—dip buyers are being carried out one after another.
U.S. spot BTC ETFs have seen six straight days of net outflows, while talk of a December Fed rate hike is growing louder. Liquidity pulled out first, and prices had no choice but to follow.
My take: SOL isn't being tested on fundamentals right now; the question is whether it can hold on to $75.
Hold $75, and a rebound is still on the table. A high-volume break below it, and the next stop is $70.
On the flip side, reclaiming $80 and holding above it would invalidate today's bearish thesis.
Which side are you on: buying the dip at $75, or waiting for $70 before making a move?
$SOL $BTC $ETH
#SOL #BitcoinCrash
