📉 Key Reasons for Today's Bearish Crypto Market

1. Significant Bitcoin Whale Sell-Off

- A major Bitcoin holder sold approximately 24,000 BTC (valued at 2.7 billion), causing Bitcoin's price to drop below110,000. This large transaction triggered widespread liquidations across the market. [1]

2. Technical Weakness and Market Fragility

- Bitcoin's decline below the 110,000 mark has led to increased market fragility. Ethereum, while showing some resilience, is also exhibiting signs of exhaustion. [2]

3. Declining Transaction Fees Impacting Miners

- A sharp drop in transaction fees is challenging miners' profitability, contributing to market volatility as September approaches—a month historically associated with weaker crypto performance. [2]

4. Broader Market Sentiment and Altcoin Performance

- The bearish momentum is affecting altcoins as well. For instance, Dogecoin has fallen by 5.81—

📊 Current Market Snapshot

- Bitcoin (BTC):109,713 (-3.24%)

- Ethereum (ETH): 4,408.58 (-7.46

- Solana (SOL):188.22 (-11.44%)