Crypto Bloodbath Alert: Why Is the Market Crashing Today? 🚨📉
Total crypto market cap just plunged ~3.2% to ~$2.73T in the last 24h — BTC is bleeding, dipping below $82K and testing $81K lows! 😱
Main culprit? Sticky inflation shock + political chaos
December US PPI surged 0.5% MoM (biggest jump since July!), core holding sticky at 3.0% YoY → hopes for early Fed rate cuts? Obliterated. Add the ongoing partial US government shutdown risks and geopolitical jitters (Iran explosions, tariff threats) → full risk-off panic across assets!
🔥 Extra kicks in the gut:
BTC dominance spiked to ~59.4% → alts getting wrecked hardest
US spot Bitcoin ETFs? Massive outflows! BlackRock's IBIT alone bled -$528M on Jan 30, with weekly totals smashing $1B+ redemptions — institutional demand is evaporating fast
Short-term vibe? Eyes on Feb 20 PCE data. If it prints hot → even more pain ahead, BTC could crack $80K support and slide toward $70–75K zone. 🩸
HODLers, what's your move?
Diamond hands holding strong or already running to stables? 👀
Is this the ultimate dip to buy, or the start of a deeper correction? Drop your predictions below! 💬
