After the Crpto market structure bill passed the Senate banking committee on May 14, Bitcoin started dumping. BTC crashed -25% in the next 20 days and dropped -$20,600 from $82k to $61.3k wiping out $406 billion in market cap.
During that timeframe, $10.98 billion in leveraged positions were liquidated.
Many are speculating this is liquidity rotation, institutional money moving out of crypto and into equities as stocks hit all-time highs. Or prices are being intentionally suppressed before the Clarity Act fully passes so institutions can accumulate more Bitcoin at lower prices before the regulatory green light arrives.
Since May 15, Bitcoin ETFs sold $4.356 billion worth of $BTC , not a single day of inflows since the Clarity Act advanced. The same bill that is supposed to be bullish for institutional crypto adoption triggered the longest ETF outflow streak on record.
Then on June 1, Saylor sold 32 Bitcoin worth $2.5 million ( 0.0037% of his holdings ) for the first time since 2022 to fund dividend payments. He is the largest corporate Bitcoin holder on Earth. That single sale raised fears that more selling is coming and that fear alone accelerated the drop.
Fundamentally Bitcoin got rejected from a resistance of $83,000 creating a lower high. Following the typical 4-year cycle, it is now printing consistent lower highs and lower lows, pointing toward new cycle lows in coming months.
All while the US, Japan, Taiwan, and South Korea stock markets hit all-time highs in the same 20 days.
Der Markt sieht hier immer noch wackelig aus, und $BTC das so abzubauen, erinnert daran, dass dies nicht das Umfeld für faule Positionierungen ist.
Meiner Meinung nach sollten die Trades kurzfristig bleiben, bis der Markt klarere Bestätigungen gibt. Positionen zu lange in dieser Art von Volatilität zu halten, hat bereits zu vielen Rundreisen geführt.
Was interessant ist, ist, dass einige Namen wie ZEC immer noch gut standhalten, und Altcoins insgesamt nicht vollständig zerstört wurden, obwohl BTC von 80k auf 63k in kurzer Zeit gefallen ist. Das gesagt, steigt die Vorsicht eindeutig überall.
Wenn BTC 60k auf höheren Zeitrahmen verliert, denke ich, könnte der Abwärtsdruck schnell zunehmen, mit der Möglichkeit einer scharfen Bewegung in Richtung 50k.
Früher dachte ich, 60k sei wahrscheinlich der Boden, aber dieser jüngste Preisverlauf hat diese Ansicht weniger überzeugend gemacht. Im Vergleich zum Sommer 2024 sieht dieser Markt viel weniger kontrolliert und viel aggressiver nach unten aus. Damals war das Chop klarer. Im Moment machen die schweren roten täglichen Kerzen es schwieriger, diesen Bereich als bestätigten Boden zu bezeichnen.
Dennoch mag ich es immer noch nicht, diesen Bereich blind zu shorten. Ich denke, ein Bounce oder eine Erholungsbewegung sollte irgendwo zwischen hier und 60k passieren — die einzige Frage ist, wie bedeutend es sein wird.
Für jetzt halte ich es einfach bleib bei relativer Stärke, halte die Trades kurz, nimm schnelle Gewinne und halte das Risiko eng #BTC
$BTC is still trading around a major support zone from 2024, and I continue to view this area as a likely relative bottom.
Price hasn’t materially expanded from here yet, so for now this still looks more like a consolidation region than the start of a major breakdown.
I expect BTC to keep chopping in this range for the next few weeks. We may still see 60k-ish again, but I’m not looking for significant higher time frame closes below that area at this stage.
BEAKING: MRVL is up +23% premarket after Jensen Huang said "This is the next trillion-dollar company."
Huang made a surprise appearance during Marvell CEO Matt Murphy's keynote at Computex in Taipei and told the audience: "This is the next trillion-dollar company, ladies and gentlemen."
Marvell designs the networking and connectivity chips that link thousands of GPUs together inside AI data centers.
Nvidia already put $2 billion into Marvell in March.
$MEGA is 1 of the saddest charts I've seen...if this isn't an example that any new big infra project is dead on arrival, I don't know what is. This one had tons of hype and did everything pretty well pre TGE IMO. There's just 0 demand for anything like this right now. Hoping that they can turn it all around though and I do recognize it's a bear for most crypto projects
$USELESS is incredibly strong...200d EMA here and it's prob not the best area to fire at the local highs if trading BUT if this is a longer hold, I think it can be decent. Still looks pretty bottomed to me. I never got a chance to add to my peanut bag FML
$WLD insane rebound, I had this one at the local lows around $0.31 but sold it well before this current move (at 0.35). Anything AI seems to just have the bid in crypto and this one will probably just keep going to $0.7 as long as btc chops. That said, I'm prob not buying here
$BTC yeah this is looking like dogshit on lower time frames...hope we can turn it around here soon but this is just not great. Personally expected this to go down to low 70ks/high 60ks though #BTC走势分析
$BNB looks strong af right now, guessing this is binance news coming with stocks. 200d EMA right here though so would be careful. If this IS a real breakout, expect decently higher though...it's chopped for several months in this area now #BNBBreaks740USDTUp12Percent
$XLM eyed this region for a while but was traveling so didn't fire around $0.22. If it chops here for a bit I'll probably get in; I still wouldn't be surprised if this has another leg in it. Still will continue to watch though. #XLM
$PUMP the time is getting closer and closer before unlocks happen...I thought this would start to pump bigtime before that happened but it hasn't happened yet. This coin has a few weeks left...
$BTC war das schon alles? Schwer zu sagen... Ich denke immer noch, dass der 200W EMA das Ziel ist, persönlich. Aber ich glaube, dass dies immer noch der relative Tiefpunkt ist. Wir brauchen einfach mehr Zeit #SolanaResourceBasedFeeModelProposal
$NEAR looks like its forming a short term bottom...is this it? Probably btc dependent. I think a bounce is coming regardless but I would still love to grab it at like $2 #NEARUSDT
$LIT IMO trades like utter trash on lower time frames with crazy spikes in both directions but I still think this one is relatively bottomed for a lot of reasons; HYPE being the top one. Probably still has way higher to go as long as bitcoin is stable #Lıt
$ZEC imo not a bad place to fire but I think that you can probably grab a bit lower eventually. 200 ema on the 4h plus a decent S/R region down here. I think it eventually trades lower though #ZECUSDT
$WLD bought some Worldcoin around 0.29ish around the cluster of EMAs on the 4h. I think it's going to bounce given how far it's retraced but this coin in general is a hard one to trade...going to cut it if it loses the recent lows and not going to bag hold this one. Target maybe 0.35ish #WLD🔥🔥🔥