The crypto market is facing extreme volatility today as the global market cap dropped 4.9% to $2.27T. Bitcoin (BTC) is currently battling at $65,651, down 8.5% after a wild swing between $60,000 and $71,811 over the last 24 hours.
🚨 Why is the Market Bleeding?
Institutional Selling: BlackRock’s Bitcoin ETF (IBIT) hit a massive $10B volume record today. Heavy selling suggests that even big institutions are capitulating or re-balancing their portfolios.
Macro Economic Strain: U.S. National Debt has officially reached a staggering $38.56 Trillion. With fiscal discipline intensifying and a government shutdown shifting the JOBS report to Feb 11, investors are de-risking.
Whale Activity: The share of supply held by large Bitcoin holders has fallen to a 9-month low, signaling that whales might be taking profits or waiting for a deeper bottom.
📊 Top Market Movers:
$ETH : $1,904 (-10.94%)
$BNB : $623.86 (-10.72%)
$SOL : $80.13 (-13.64%)
Outperformers: DCR (+31%) and ZK (+8%) are defying the trend.
🔍 The Silver Lining?
While the market cap has declined by over $1 Trillion in just 22 days, Cathie Wood remains bullish, predicting a significant surge once the macro dust settles.
Is this the final shakeout before the next leg up, or is more pain ahead? Share your thoughts below! 👇
