📉 Market Sell-off Continues:

• Major cryptocurrencies slid again today — $BTC , $ETH , and $XRP all dropped, with Bitcoin falling about 2.5% after a brief weekend rally. This downturn reflects broad market weakness and investor fear, not just isolated moves.

• Analysts point to strong macro data and regulatory uncertainty as dampening factors, making crypto less attractive compared to other assets.

📊 Macro & TradFi Linkages:

• Recent sell-offs aren’t purely crypto-specific — traditional finance dynamics like yen carry trades and leveraged macro positions are driving price swings, highlighting how digital assets now move with broader markets.

💡 Select Resilience:

• In a mixed picture today, Chainlink exchange-traded products (ETPs) saw net inflows, signaling that some investors are still positioning in select crypto exposures even amid turmoil.

📉 Sector Stress:

• Crypto exchange and service stocks like Coinbase slid sharply, underscoring investor caution and the broader risk aversion in the digital asset ecosystem.

• A technical glitch at a South Korean exchange triggered local price pressure and renewed regulatory scrutiny, adding to the negative sentiment.

Overall Snapshot:

🔹 Sentiment remains in “extreme fear”, with prices broadly lower.

🔹 Liquidations and risk-off behavior are still significant influences.

🔹 Some assets and niche products continue to attract capital, showing select pockets of resilience.

#crisis #BuyTheDip #MarketSentimentToday