#CryptoScamSurge
đ„ Red Flag Friday: BTC Dumped $1.5B, But Watch ETH & RSI Divergence
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â ïž Whatâs Happened
Crypto markets plunged 5â7% today.
Over $700M in leveraged positions liquidated, including $140M in BTC longs. ([turn0search2] ciphering)
Bitcoin retreated to $115K, losing ETF-driven momentum. ([turn0search4]îturn0search2î)
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đ„ Trigger: Galaxy Digital Triggered Chaos
Galaxy loaded 10,000 BTC (~$1.18B) to exchanges in just 8 hours.
Followed by a fresh 2,850 BTC deposit ($330M+) minutes before market tilt. ([turn0search0]îturn0search8îturn0search16î)
Long positions got crushed: total liquidations approached $706M, mostly BTC and ETH. ([turn0search6]îturn0search2î)
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đ Divergence: ETH Held Firm & BTC RSI Flashed Soft Bounce
Ethereum fell just ~1.3%, showing relative strength vs BTC. ([turn0search6]îturn0search4î)
BTC's RSI dropped to single digits (e.g., 6/100 on 15âmin chart), but has formed a bullish divergenceâprice lower, RSI higher. ([turn0search14]î)
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đ©ž Altcoin Carnage
SOL, ADA, XRP cratered 4â6%.
DOGE and other smaller caps slid rapidly, triggering more liquidations. ([turn0search6]îturn0search4îturn0search10î)
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đ§ Smart Money POV
Galaxyâs offload echoed profit-taking after Bitcoinâs ~24% July rallyânot panic.
No mass wallet withdrawalsâsuggesting no capitulation from large holders.
Meanwhile, ETH ETFs saw $404M inflow from BlackRock & others, while BTC ETFs registered $89M outflows, hinting at rotation. ([turn0search7]î)
Smart wallets remain steadyâbuying dips below $116K.
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âïž Key Levels to Watch
Asset Support Resistance Watch Signal
BTC ~$115K (must hold) $120â121K Bounce or breakdown informs next leg
ETH ~$3,500 $3,730â3,750 ETF flows + on-chain strength
đ Liquidation storms reveal where power lies.
đ Check BTC and ETH charts nowâsmart money footprints show the next move.
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#CryptoCrash #SmartMoney #RSIDivergence #ETHStrength #BTCSupport #BinanceSquare