📉 Bitcoin (BTC) dropped another 2% today, trading at $81,664 as selling pressure mounts. A potential Death Cross pattern is forming on BTC, S&P 500, and Nasdaq charts, hinting at further bearish momentum.
📊 US equities have shed over $2T in recent sessions, with S&P futures dropping $120B post-close Friday. Trump’s new 25% auto tariffs and sanctions on Russia added pressure, causing BTC to reject near $89K and risk falling below $80K.
⚠️ Peter Schiff criticized BTC’s “digital gold” narrative as gold hit new all-time highs above $3,090, while BTC and stocks dropped again.
💸 Analyst Ali Martinez warns that BTC may not follow global M2 money supply as expected, noting a $1T drop in global liquidity over the past two weeks. He also reported miners sold over 2,400 BTC (~$220M) recently, adding to sell pressure.
📉 US PCE data showed sticky inflation, raising concerns over prolonged liquidity tightening. BTC futures OI is down 2.7% to $52.9B, with $64M liquidated in 24 hours — $54M in longs alone.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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