How I’d interpret this drop
For now, it looks more like:
$87K breakout fails
→ Dollar/Treasury yields rise
→ Oil prices and inflation concerns
→ Risk appetite declines
→ Long positions are liquidated
→ BTC falls below short-term support
→ ETH/altcoin losses are amplified
So it’s still too early to simply interpret this as “the bull market is over.” What’s more worth watching is whether BTC can hold around $84K, and how Treasury yields and the dollar move after the Fed meeting minutes are released.
#SOL #BTC
For now, it looks more like:
$87K breakout fails
→ Dollar/Treasury yields rise
→ Oil prices and inflation concerns
→ Risk appetite declines
→ Long positions are liquidated
→ BTC falls below short-term support
→ ETH/altcoin losses are amplified
So it’s still too early to simply interpret this as “the bull market is over.” What’s more worth watching is whether BTC can hold around $84K, and how Treasury yields and the dollar move after the Fed meeting minutes are released.
#SOL #BTC