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Bitcoin is now down over $12,000 and -16% in the last week.
The price has reached nearly the bottom of the February 2026 purge after the Iran War announcement.
The $60,000 buy wall is holding for now.
This dump is not just a single asset class — gold is selling off, precious metals are selling off, indices are selling off — the market is a living breathing organism and it’s searching for liquidity for the future.
It’s a total bloodbath across the market.
This could be the great reallocation before Bitcoin starts its run back to new all time highs or we could be entering into a prolonged crypto winter.
My money’s on the first.