Caught Bitcoin bouncing back above 71K this morning after things got pretty messy earlier. Prices had dipped below 70K as tech stocks took a beating, but looks like that selloff is finally running out of steam. Nasdaq futures actually edged up after getting hammered the last couple days, so maybe we're seeing some stabilization across the board.

Here's what's interesting though - the bounce doesn't feel like fresh money jumping in. More like traders covering shorts. Volume is still up but spot demand is pretty weak, and stablecoin balances on exchanges keep drifting lower. That usually means people are sitting on the sidelines waiting to see what happens next rather than buying the dip aggressively.

The macro situation is still messy. Fed uncertainty, dollar strength, questions about interest rates - all that stuff is keeping sentiment cautious. Silver got absolutely crushed, down like 17%, and gold slipped too. When you see that kind of move across asset classes, it tells you people are unwinding speculative positions across the board.

Some analysts are warning Bitcoin could still test the low-to-mid 60K range if this selling continues without a clear catalyst. Others think the worst of the drawdown is already priced in. Either way, it feels like the market is still figuring out where the real bottom is. Current price sitting around 73.93K but that's just where we are right now - the bigger picture is still pretty uncertain.