$BTC Just dipped to $58,035, a 21-month low👀

The last time this number was seen was back in September 2024.

The U.S. May PCE inflation data hit 4.1%, directly setting a three-year high. On the U.S. stock side, the Nasdaq dropped 2% in half an hour, and on the crypto side, it was even more brutal — $600 million in liquidations across the entire network in one hour, with longs basically wiped out.

Killa says this is a manipulation play. Every time $BTC drops below $60K, it’s deliberately sweeping stop-losses, with a pile of orders underneath waiting to catch the sell-off. Niels Klaver cuts to the chase even more — “the last leg of the bear market.”

I’m not that optimistic.

PCE at 4.1% — basically no rate cuts this year. Liquidity will only get tighter. This isn’t the Fed negotiating with you; the data is forcing it. $ETH has already broken below $1,600, and alts are even worse — bloodbath.

A lot of people ask me, “Can we bottom-fish?”

My answer: Buying the bottom at $58K sounds tempting, but are you sure there’s no basement below the floor?