A few hours ago, we began to witness a clear rift between Donald Trump and Elon Musk, who had been very close since the beginning of the presidential elections.
We can clearly see the immediate market reaction following the tensions between Them.
As a consequency, the Coinbase Prime Index just flipped negative, showing that U.S. institutional investors and whales suddenly turned bearish.
This is a clear evidence of an immediate loss of confidence, just as Bitcoin had entered a rather healthy consolidation phase for several days.
Let’s see how this plays out in the short term, but there’s a new narrative unfolding right now, just as the “Trade War” theme was starting to lose its impact.
Written by Darkfost
