Plus: Vitalik's new plan for creator token fairness

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Crypto Market Cap: $2.63T 1.62% (24H)   Name   Price 24H 7D Bitcoin BTC $78,996.83 1.74% -9.42% Ethereum ETH $2,366.62 2.38% -18.17% BNB BNB $776.64 3.15% -10.70% XRP XRP $1.65 3.19% -13.37% Prices as of 12:00 PM EST. Click here to see live data.

IDK if crypto's a Flo Rida fan, but it sure does feel Low.mp3

(Featuring T-Pain. Minus the T-. It's just pain.)

The setup began over the weekend, when trading activity is thinner than usual. Fewer traders are active on Saturdays and Sundays, especially big institutional players.

That matters because when fewer people are trading, prices move more easily.

A relatively small amount of selling can push the market down faster than it would during a busy weekday.

At the same time, there's the aspect of growing macro anxiety.

Traders are still reacting to the uncertainty around interest rates, global politics, and the general direction of the economy.

When macro uncertainty increases, investors tend to reduce exposure to risky assets.

Crypto is still considered one of the riskiest.

Bitcoin was already going lower when it hit the first major problem: $80K.

That number's special because traders care about it. Lots of people place buy orders, sell orders, and stop-losses around big round numbers.

When Bitcoin fell below $80K, it triggered automatic selling from traders who had set limits to protect themselves.

Aaaand the market reaction accelerated fast. ~$1B - $2B worth of leveraged crypto positions were liquidated this weekend.

These were mostly longs - traders who had borrowed money to bet that prices would go up.

When prices fell too far, exchanges automatically closed those positions, forcing even more selling into the market.

👉 That loop pushed Bitcoin down toward the mid-$70Ks,

👉 Ethereum dropped alongside it,

👉 And most altcoins fell even more.

But let's not pretend this is the end of the world. Markets are reactive, not thoughtful - they panic first, analyze later.

That said, the immediate takeaway? Bitcoin's tumble was because of a broader risk-off sentiment that bled into crypto, ignited massive liquidations, and pushed prices toward key support zones we haven't tested in months.

The one thing traders will be watching now is whether that support holds - if it doesn't, we could see deeper tests of levels that haven't been relevant for a while.

... Stay caffeinated.