I noticed that Bitcoin formed a 'death cross' on the 3D chart — the first time since June 2022. Such a pattern ( when the 50-MA drops below the 200-MA ) has historically preceded significant price declines. On average, after such signals, BTC loses about 35%, so the potential death drop could be substantial. Currently, BTC is trading around 77.7K, and the technical picture indeed looks bearish.

But there's an interesting point — despite the bearish signal, US Bitcoin ETFs attracted a net inflow of $458 million on Monday. It seems investors are still interested in the asset. This may be related to geopolitical tensions in the Middle East, which create volatility and prompt people to seek alternative assets.

As I’ve heard, some analysts believe that prolonged US involvement in regional conflicts could lead to shifts in monetary policy — and that could ultimately support Bitcoin. So while the technical pattern indicates risk, the macroeconomic context is not so straightforward. It will be interesting to see how this unfolds.