BTC, ETH and SOL are looking weak again, and honestly I think the market has more reasons to go down before we see a strong recovery.
The geopolitical situation is not helping. Middle East tensions are still high, attacks around Saudi Arabia are increasing, and the US-Iran conflict is still creating uncertainty. At the same time, there are new concerns around a suspected plague case in Russia, where a lab worker died and around 200 contacts were quarantined. WHO is still asking for more information.
All of this creates fear, and crypto is still a risk asset.
BTC recently dropped below $81K, while ETH and SOL also faced strong selling pressure. Nearly $1B in crypto positions were liquidated.
I also noticed reports of large whale selling recently, including more than $30M worth of BTC sold by some large holders.
For me, this is not a time to blindly chase longs.
BTC weakness can pull ETH and SOL lower too.
My view: stay careful, watch liquidity and wait for confirmation. The market can surprise us both ways.
$SOL
$ETH
$BTC
The geopolitical situation is not helping. Middle East tensions are still high, attacks around Saudi Arabia are increasing, and the US-Iran conflict is still creating uncertainty. At the same time, there are new concerns around a suspected plague case in Russia, where a lab worker died and around 200 contacts were quarantined. WHO is still asking for more information.
All of this creates fear, and crypto is still a risk asset.
BTC recently dropped below $81K, while ETH and SOL also faced strong selling pressure. Nearly $1B in crypto positions were liquidated.
I also noticed reports of large whale selling recently, including more than $30M worth of BTC sold by some large holders.
For me, this is not a time to blindly chase longs.
BTC weakness can pull ETH and SOL lower too.
My view: stay careful, watch liquidity and wait for confirmation. The market can surprise us both ways.
$SOL
$ETH
$BTC