Bitcoin just closed lower for 5 consecutive weeks. 📉
Its price fell from $86,500 to $75,000, but the real cause didn’t come from crypto—it came from Wall Street.
Last week, AI stocks plunged. Sandisk alone fell 27% and Micron 22%, triggering a record-breaking mass sell-off among institutional investors.
The panic spread to the crypto market:
• More than $1,280 million flowed out of Bitcoin ETFs in just one week.
• Long positions worth more than $1,100 million were liquidated.
Now the price is struggling to hold its key support level at $75,000. If that level breaks on high trading volume, the next technical targets are $73,200 (its 200-day moving average) or even $70,000.
The lesson: when traditional markets sneeze, crypto markets catch a fever. This week’s final test is U.S. inflation data (CPI).
Do you think the $75K level will hold, or will we see a deeper drop?
$BTC #BitcoinFiveWeeklyLosses #CryptoLiquidationsReach$1.16BIn24Hours #stocks
Its price fell from $86,500 to $75,000, but the real cause didn’t come from crypto—it came from Wall Street.
Last week, AI stocks plunged. Sandisk alone fell 27% and Micron 22%, triggering a record-breaking mass sell-off among institutional investors.
The panic spread to the crypto market:
• More than $1,280 million flowed out of Bitcoin ETFs in just one week.
• Long positions worth more than $1,100 million were liquidated.
Now the price is struggling to hold its key support level at $75,000. If that level breaks on high trading volume, the next technical targets are $73,200 (its 200-day moving average) or even $70,000.
The lesson: when traditional markets sneeze, crypto markets catch a fever. This week’s final test is U.S. inflation data (CPI).
Do you think the $75K level will hold, or will we see a deeper drop?
$BTC #BitcoinFiveWeeklyLosses #CryptoLiquidationsReach$1.16BIn24Hours #stocks
