$BTC caught inside a global liquidity shock.
This wasn’t a normal dip. In about 90 minutes roughly $3.6T evaporated across assets. Gold dropped nearly 4%, silver closer to 9%, equities lost hundreds of billions, and crypto slid with them. When everything sells at once, it’s not rotation. It’s stress.
From a structure perspective, $BTC didn’t break HTF support yet, but LTF showed forced selling. That kind of synchronized move usually means leverage somewhere had to unwind. Not a narrative trade. A margin call trade.
Liquidity didn’t rotate. It exited.
When gold, stocks, and crypto all flush together, it signals capital tightening. That’s the kind of move that forces positioning to reset across desks. The market doesn’t ask permission in those moments.
Psychology shifts fast in these environments. Fear spikes, then confusion. People look for headlines to explain what price already did. But the sequence matters: price breaks, liquidity thins, narratives follow.
Now the focus is simple. Does $BTC hold key HTF levels and absorb the shock, or does this spill into a broader breakdown? If this was just a forced unwind, stabilization comes quickly. If liquidity stress continues, volatility expands again.
This isn’t about panic or optimism yet. It’s about whether the system absorbed the hit.
Markets reveal cracks before they reveal direction.
