๐ Binance Pulse: The "February Flush"
The crypto market faced a historic "flush" this week, but a recovery is already underway. Here is your quick update:
* $BTC : Dropped 50% from its $126,000 peak to $60,000. Now rebounding toward $68,500.
* $ETH : Facing volatility but holding near $2,100, down from recent highs.
*$SOL : Stabilizing around $75 after a sharp liquidity-driven dip.
๐ Why the dip?
* Leverage Unwind: Massive liquidations of "yen carry trade" and dealer-hedging positions.
* ETF Pressures: Complex institutional trading amplified the volatility.
* The Bounce: Rumors of a Strategic Bitcoin Reserve and oversold bounces are fueling the recovery.
> Bottom Line: Is this a "Crypto Winter" or a generational buy? The $60k support level is the one to watch.
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#BTC #ETH #SOL #BinanceSquare #CryptoUpdate #TradingStrategy #Write2Earn
