๐—ช๐—ต๐˜† ๐—บ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐˜€๐˜‚๐—ฑ๐—ฑ๐—ฒ๐—ป๐—น๐˜† ๐—ฐ๐—ฟ๐—ฎ๐˜€๐—ต? ๐— ๐—ฎ๐—ฟ๐—ธ๐—ฒ๐˜ ๐—จ๐—ฝ๐—ฑ๐—ฎ๐˜๐—ฒ โ‰๏ธโ‰๏ธ



$BTC has dropped from its ATH to around $117.6k โ€” which is perfectly normal, as the market usually corrects after hitting a new high. The market wonโ€™t just keep pumping; corrections are part of the cycle. However, such sudden crashes donโ€™t happen without multiple factors behind them.

Key Reasons:

1. Profit-taking & Technical Correction โ€“ Traders sold after BTC hit ~$124K.

2. Inflation Concerns โ€“ US inflation data reduced hopes for Fed rate cuts.

3. Institutional Selling โ€“ Some whales took profits despite ongoing ETF inflows.

4. Macro Uncertainty โ€“ Upcoming CPI report making investors cautious.

5. Fear & Sentiment Shift โ€“ Sudden change in market mood triggered selling.

#news ๐Ÿ“ฐ

USA โ€“ PRODUCER PRICE INDEX (July)

m/m = +0.9% (forecast +0.2% / previous 0%)
y/y = +3.3% (forecast +2.5% / previous +2.3%)

Core PPI = +3.7% y/y (forecast +3% / previous +2.6%)

Thereโ€™s a CME gap around $116,600. If the market fills this gap and holds above $117K, a pump could follow. But if it fails to hold, we may see a move toward $112K.

I always say โ€” donโ€™t FOMO just because the market is green. Control your emotions and wait for the right opportunities.

#ETH5kNext? # BTCBreaksATH
BTC-4.65%
DON-6.86%
IN-15.15%
CORE-4.31%
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