📉 Bitcoin is dropping. That's due to major problems in the market. This doesn't feel like a day when people buy Bitcoin when it's low. Rather, it seems the market is changing its way of thinking about risk.

Bitcoin fell below $60,000. It touched around $59,800 and wiped out about $600 million in long investments. This shows that the system was still carrying a lot of risk. This is not a small market move. It's a big change due to all the debt. When this happens, Bitcoin's price tends to stay chaotic for a while.
What makes this more interesting is that it's not happening alone. There are problems in the economy like the US core PCE price index at 3.4%, the highest since late 2023. This isn't a disaster. It makes it hard to know what will happen with interest rates. Bitcoin doesn't like uncertainty.
If you look at the big picture, traditional finance is also having problems. AI-related stocks are falling and tech companies are taking hard hits. Even South Korea saw a 5% market drop that triggered a circuit breaker. This kind of behavior usually spreads to Bitcoin and other cryptocurrencies.
On the other hand, seeing big investors' positions in Bitcoin and other cryptocurrencies declining adds another layer. It shows that people are becoming less enthusiastic about taking risks in both finance and digital assets.
The big question now is not whether Bitcoin will rise again. It is whether this is a major reset or the start of a bigger problem where people keep selling.
I'm watching how Bitcoin behaves after this change. If buyers come in strong, this might still just be a liquidation. If not, the market may need a reset before it can start rising again.
Now, patience is a good idea.
Do you think this is a big change before Bitcoin rises again, or the start of a bigger problem due to the economy? 👇
#Bitcoin #ETH #macro