Every time macroeconomic pressure truly hits, the crypto market experiences the same thing

Funds do not withdraw evenly, but in layers
This time is no exception ☝️
bitcoin:native -4.61%, $ETH -5.23%, $SOL -6.39%
The logic behind the numbers is very clear: when the market starts pricing in a possible rate hike by the end of the year, funds always move first from assets with weak liquidity, with BTC as the last line of defense, and altcoins and L1s as the first to bleed
ETH falling below $1700 is not random noise; it’s a structural signal. $1700 has been a support level multiple times over the past few months, and now losing it means buying interest at this price is no longer effectively absorbing sell-offs
The next real support is at $1650
If it holds, a rebound from oversold conditions can be discussed
If it breaks, ETH may enter a new round of further declines, and the gap in decline compared to BTC will widen further
SOL -6.39% is the strongest of the three, clearly reflecting the high-beta asset characteristic: it rises quickly, and falls just as fast
This is not an issue with ETH or SOL; it’s normal layering during risk appetite compression. But how long this layering lasts depends on whether a short-term turning point can occur in the macro environment; currently, it seems not yet
DYOR, not investment advice