- With a risk-off sentiment in global macro assets, BTC price dropped to $49,000
- Severe short-term panic among investors and heavy buying of put options caused a spike in front-end volatility.
- The 1-week, 2-week, and 1-month 25D RR for altcoins experienced a significant drop.
![](https://www.coincallacademy.com/wp-content/uploads/2024/08/Ӣ1@2x-8-1024x1024.png)
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