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🚨 Crypto Market Update: -2.42% (24h), -3.49% (7d)
Bearish trifecta hit:
1️⃣ Macro risk-off – BTC tracked equities (SPY corr 0.85) as Powell’s Jackson Hole speech clouded Sept rate-cut odds. PCE (Aug 30) = key.
2️⃣ Leverage flush – $273M BTC longs liquidated as OI hit $1.01T. $109K = critical support.
3️⃣ Token unlocks – $620M+ (JUP, OP, KMNO) fueling altcoin sell pressure.
📊 Fear & Greed: 50 → 43.
🔎 Conclusion: Market shows macro caution, leverage washouts & unlock anxiety. Next move hinges on PCE data + $BTC’s $109K hold.