The sudden dip in Bitcoin and the broader market isn’t random. Here’s a quick breakdown of what’s going on:
🔻 1. Liquidity Hunt
The market is wiping out over-leveraged long and short positions. This “shakeout” targets weak hands — a classic move before a major reversal or continuation.
⚔️ 2. Trump vs. Elon Drama
Tensions are rising between Donald Trump and Elon Musk. Elon’s latest remarks stirred the pot, creating uncertainty and shaking investor confidence — especially with election-season volatility looming.
📉 3. Jobs Data Incoming
U.S. Jobs Data drops today at 8 PM UTC. Early indicators suggest it could be worse than last month. With recession fears brewing, traders are offloading risk ahead of the announcement.
Markets hate uncertainty — and right now, we’ve got plenty. Is this just a dip… or the start of something bigger?