Crypto market down 1.67% to $2.29T in 24h as macro-driven selling hits both crypto and TradFi. Correlation is high with Gold (89%) and Russell 2000 (87%), signaling a liquidity/rates-driven moveânot crypto-specific.
BTC led the drop amid whale selling (~10.7K BTC dumped) and options market stress. ETH also saw ETF outflows, adding to downside pressure as sentiment remains in extreme fear (F&G = 8).
Key levels:
âą Hold $65Kâ$66K â potential relief bounce toward $70K
âą Break below â deeper correction toward $60K
This is a macro-inflected risk-off move. Extreme fear could spark a short-term bounce, but trend direction depends on liquidity and upcoming macro data.