🔍 Why the Plunge?

• Bullish Scramble: The market had hoped for support at $82,000, but the continuous decline in the early morning broke through the bulls' defenses, triggering a chain of stop-loss sell orders.

• Altcoin Crash: As Bitcoin drained liquidity from the market, altcoins experienced a widespread decline. SOL fell to $105, and BNB fell to $782, as funds flowed back into fiat currency due to safe-haven demand.

• ETF Outflow: Pre-market data showed that several major spot ETFs experienced rare net outflows at the end of Friday's trading session, indicating strong institutional risk aversion.

🔮 Market Outlook

• Pessimistic Scenario: If $80,000 cannot be recovered today, the $75k-$76k range will be tested early next week.

• Reversal Scenario: A significant volume break above $81,500 is needed to confirm a "false break." 💡 Trading Recommendations

Spot traders: Observe more and act less; do not sell during sharp declines.

Contract traders: Follow the trend; consider a small short position around $79,500.