Overall crypto market read (today’s macro)
Overalls a broadly risk-off (most majors -4% to -10%+), which matches a classic “deleveraging + support breaks” day: longs get forced out, bids step back, and alts bleed harder than BTC.
What’s driving it today:
Leverage unwind is the main fuel: latest data shows roughly $468M liquidated in 24h with ~$385M longs (very one-sided), which amplifies selling into every small drop.
Macro jitter is real: markets are on edge around U.S. employment data timing/quality (some releases delayed/gappy) which keeps risk assets jumpy.
BoJ risk is a genuine “risk-of