WHY IS THE MARKET DOWN TODAY?
The crypto market fell by 1.4% in the last 24 hours, extending a weekly decline of 4.58%, but remaining up by 10.88% over the last 30 days. This drop reflects profit-taking after recent increases, leveraged liquidations, and mixed macroeconomic signals.
Deleveraging – BTC liquidations of $54M (+80% in 24h), open interest in derivatives increased by 29.9%
Rotation towards lower risk – Bitcoin dominance rose to 61.16% (highest in 30 days), the Altcoin Season Index fell by 14%
Correlation with stocks - The crypto-Nasdaq-100 correlation in 24h reached 0.855, reflectin

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