I just noticed what caused Bitcoin to drop significantly last Friday. Turns out, it’s not just a crypto issue, but global macro sentiment that’s currently risk-off. Investors are taking profits and shifting to safe assets like the dollar or gold. This pattern occurs when inflation remains high and interest rates haven’t decreased yet. How is Bitcoin different from tech stocks? Well, both are sensitive to the current global economic conditions. But interestingly, even though Bitcoin dropped 0.33% in the last 24 hours, the weekly chart is still green with a performance of +0.18%. Ethereum also held steady despite a 0.38% daily decline, and Solana only dropped 0.19% in a day. This indicates institutional accumulation remains strong behind the scenes. Honestly, what we need to pay attention to with Bitcoin isn’t just the price today. The support level at the 20-day moving average is key. What happens to Bitcoin moving forward depends on whether buyers step back in or macro selling continues. For now, the market is in a consolidation phase—be cautious. Weekend volatility is normal, and volume is moderate. Just wait for the next batch of economic data next week.

BTC-1.16%
ETH-0.68%
SOL0.09%
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