Just watching the market get hit pretty hard today. Oil spiked again and that's dragging everything down, including crypto. Bitcoin and altcoins are both taking losses right now. I've been tracking the derivatives action and there's clearly some unwinding happening - you can see it in the liquidation data. The macro jitters are real, and when risk-off sentiment kicks in, altcoins tend to bleed faster than BTC. Seeing a lot of long positions get wiped in the futures market. If this continues, altcoins could see even more pressure since retail usually gets shaken out first. Keeping an eye on whether we hold these levels or if we're heading lower. The correlation between oil and crypto has been weird lately - not something you'd normally expect, but here we are.

BTC-0,26%
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