Crypto Update - Too early to enter imo.\n\n#Crypto sold off sharply today, led by #BTC and #ETH \nLarge liquidations hit leveraged long positions, accelerating downside moves.\n$Bitcoin briefly traded below key psychological support, increasing short-term fear.\n\nThis was a forced deleveraging move, not a slow fundamental unwind.\n\nMarket sentiment has dropped into extreme fear.\nTraders are defensive, reducing risk and leverage.\n#Altcoins are underperforming Bitcoin, reinforcing a risk-off environment.\n\nFear is high, which often appears near local bottoms, but volatility remains elevated.\n\nHigh leverage from earlier in the month made the market fragile.\nOnce price slipped, liquidation cascades did the damage.\nVolatility is expected to stay high over the next several sessions.\n\nSharp bounces are possible, but conditions remain unstable.\n\nOngoing #geopolitical tensions and trade concerns are\nadding pressure to global risk assets and negatively affecting risk sentiment.
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Crypto Update - Too early to enter imo.\n\n#Crypto sold off sharply today, led by #BTC and #ETH \nLarge liquidations hit leveraged long positions, accelerating downside moves.\n$Bitcoin briefly traded below key psychological support, increasing short-term fear.\n\nThis was a forced deleveraging move, not a slow fundamental unwind.\n\nMarket sentiment has dropped into extreme fear.\nTraders are defensive, reducing risk and leverage.\n#Altcoins are underperforming Bitcoin, reinforcing a risk-off environment.\n\nFear is high, which often appears near local bottoms, but volatility remains elevated.\n\nHigh leverage from earlier in the month made the market fragile.\nOnce price slipped, liquidation cascades did the damage.\nVolatility is expected to stay high over the next several sessions.\n\nSharp bounces are possible, but conditions remain unstable.\n\nOngoing #geopolitical tensions and trade concerns are\nadding pressure to global risk assets and negatively affecting risk sentiment.