🧵 Crypto This Week: Painful Price Action, Important Signals

📉 Market Under Pressure
• $BTC briefly lost the $60K level, extending the recent correction.
• $ETH slipped below $1,700 and continues to struggle for momentum.
• Spot crypto ETFs have seen approximately $2.97B in outflows over the last 10 days.
• Institutional positioning remains cautious, keeping overall risk appetite subdued.

📰 Major Themes Driving Markets
→ Stablecoin regulation and CBDC discussions remain key narratives.
→ $USDT and $USDC continue to dominate stablecoin activity.
→ $UNI has shown notable relative strength despite broader market weakness.
→ Geopolitical uncertainty continues to pressure investor sentiment.

🔍 The Levels That Matter

Price captures attention, but market structure tells the real story.

📍 $BTC: $59,888 remains a critical line in the sand.
📍 $ETH: $1,500 is the key level bulls must defend.

A confirmed breakdown below these zones could open the door to further downside. However, if support continues to hold, the current weakness may simply be another consolidation phase before the next major move.
$ETH ‌