But if selling holds, $2.20 trillion is at risk, then $2.16 trillion and even $2.12 trillion.

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• Oil Shock: US crude up 1.7% to $88 on Iran fears

• Key Resistance: $2.26 trillion cap, rejected again yesterday

• Downside Line: $2.20 trillion at risk, then $2.16 trillion

2. Bitcoin ETF Inflows Cool After a Strong Run

Meanwhile, a quieter warning came from Bitcoin funds. US spot Bitcoin ETFs logged seven straight days of inflows, but the daily total sank from $203.14 million on July 21 to just $68.99 million on July 22, a 66% dip. That drop suggests institutional buyers are easing off.

The pattern echoes early July. Inflows fell from $265.69 million on July 6 to $21.44 million on July 7, then outflows followed. So this cooling may signal the same early weakness before a pullback.

• Flow Slump: ETF inflows fell from $203 million to $69 million

• Warning Echo: Same drop preceded July 8 and 9 outflows

• The Read: Institutions turning cautious, not yet exiting

Coin Spotlight: Pump.fun (PUMP) Corrected 7%

Some of that weakness shows in Pump.fun (PUMP). The token corrected almost 7% on Thursday but still holds a 30% monthly gain. Its dip sits in the handle of a cup and handle pattern, which often forms before a breakout, with the cup bottom near $0.0011.

Notably, selling pressure has eased steadily since July 20 even as price dipped, hinting the consolidation may be ending. A clean break above $0.0020 would then open $0.0022 and $0.0024. Ultimately, $0.0018 separates a healthy pause from a deeper slide toward $0.0015.

• The Setup: Cup and handle, cup bottom near $0.0011

• Breakout Trigger: Clean daily close above $0.0020

• Make or Break: Above $0.0018 holds, below risks $0.0015

Read the Original story Why Is The Crypto Market Down Today? by Ananda Banerjee at beincrypto.com