Bitcoin’s recent price movements reflect a tension between bearish macroeconomic signals and rumors of coordinated institutional selloffs at 10 a.m. ET. Macro strategist Mike McGlone highlights risks related to Nasdaq weakness and liquidity tightening, while market chatter points to firms like Jane Street potentially triggering daily selloffs to accumulate shares at lower prices. The conflicting narratives increase market uncertainty and may exacerbate volatility given crypto's leveraged, thin liquidity environment.

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