🚨 Market Pulse: Crypto Stumbles After 7-Day Rally 🚀📉

The crypto market slid 4.34% in 24h, cooling off after a +6.32% weekly gain.

Key Pressure Points:

1️⃣ $202M Long Liquidations – Overleveraged traders got flushed as BTC dipped, wiping out 82% of long positions.

2️⃣ Hot U.S. Inflation Data – July PPI +0.5% reignites Fed rate-cut doubts, shaking risk assets.

3️⃣ FTX Creditor Sales – $1.9B court-approved repayments spark fears of heavy profit-taking.

💡 Bottom Line: Today’s drop = leverage purge + macro jitters + supply overhang. But with ETF inflows and ETH upgrades on the horizon, the bigger trend may still have legs.

ETH

1,857.6

-5.11%

BTC

64,754.98

-4.29%