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Just caught up on what drove Bitcoin down this past weekend - that 4.8% drop hit hard and fast. Honestly, the macro headwinds are relentless right now. Everyone's spooked by tariff uncertainty, AI disruption concerns, and the whole risk-off sentiment that's been driving money away from crypto.
What's wild is how correlated BTC has become with traditional risk assets. Used to be its own thing, now it moves with everything else. The leverage in derivatives isn't helping either - when liquidations start cascading, it amplifies the downside in hours. Fear-greed index is basically screaming panic mode.
Lots of traders sitting on the sidelines waiting for a reversal signal that hasn't come yet. This six-week selloff has most people cautious. Not sure if we're at a bottom or if there's more pain ahead, but the momentum definitely drove sentiment into the red. Watching closely to see when bulls decide to step back in.