Bitcoin just broke the most important trendline in its history.
For 14 years, it survived Mt. Gox, COVID, and the FTX crash.
But now, it has finally failed.
THE BOTTOM IS ALMOST IN.
$BTC
🇪🇺 LATEST: Binance will stop serving EU clients from next week after failing to secure a MiCA licence, telling customers in Poland, Italy, Spain and France to withdraw their funds.
🚨 BREAKING:
HERE'S WHY CRYPTO MARKET JUST DUMPED:
BINANCE SOLD 4,173 BTC
COINBASE SOLD 2,370 BTC
WINTERMUTE SOLD 1,526 BTC
RANDOM WHALES SOLD 10,516 BTC
BITMEX SOLD 7,516 BTC
THEY DUMPED OVER $2B OF $BTC IN FEW MINUTES
THIS WAS COORDINATED DUMP!!
Today's market dump makes absolutely no sense.
S&P 500 wiped out $1.5 trillion in value from today's high.
Bitcoin dropped to $87,000.
Crypto market cap is below $2.95T.
And the craziest part?
There wasn’t a single negative headline today.
No policy surprise.
No new recession warning.
No tariffs or bad earnings.
Even NVIDIA, which makes 8% of the entire S&P 500, posted a bullish earnings report yesterday and now the entire pump has been retraced.
Nothing that explains a sell off of this scale.
$94,000 per $BTC couldn't hold.
Therefore, Bitcoin goes in search for a support level (CME gap is an obvious point).
The volatility remains high, and, I think we'll find ourselves into a bottom in the first days of this week as there's a lot of macroeconomic data lined up later in the week + the FED is likely going to step in.
Also, given that last week was such a terrible weekly candle, it's impossible to expect an imminent V-shape recovery after that.
Things take time.
This cycle isn't over.
GOVERNMENT REOPENS → DUMP
FED PRINTS $1.5 TRILLION → DUMP
TRUMP INJECTS $500 BILLION → DUMP
RATE CUTS → DUMP
NO NEW TARIFFS → DUMP
THIS IS NOT NORMAL, WAY TOO MUCH MANIPULATION.
TRUMP INSIDER WHO LONGED $ETH BEFORE THE GOVERNMENT REOPEN VOTE IS UP $104 MILLION. SAME WALLET MADE OVER $90 MILLION SHORTING THE OCTOBER FLASH CRASH.