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Just watching BTC struggle to hold above the 88000 level over the weekend - dropped to around 87800 in thin trading. The usual suspects all bleeding red too, Eth down to 2880, Solana and the altcoins getting hit 3-5%. Feels like everyone's on edge right now.
Think it's a perfect storm situation honestly. You've got the Fed meeting coming up, all this talk about government shutdown drama, plus the Japanese yen intervention concerns that spooked things Friday. Over a billion in liquidations already this week from folks getting caught off guard. When positioning gets this tight, any headline can shake things loose.
This week's gonna be wild with Big Tech earnings and Powell's comments. Market's treating Bitcoin like a risk asset these days, so if Meta and Microsoft miss or give weak AI guidance, we could see more downside from here. Watching to see if we hold 88000 or if there's more pain coming.