❌ Bitcoin sharply retreated after the record: why did this happen
Forbes explains the post-record pullback of BTC: hotter US PPI data cooled expectations for a rapid Fed easing, and the quick vertical surge to ~$124k provoked profit-taking and liquidations with leverage. The material summarizes a mix of factors — from macro (inflation, Treasury yields) to 'tech' (overbought, overheated futures funding) — that heightened volatility. For the market, this is a signal of short-term risk and a test of 'institutional demand' resilience (ETFs/corporate treasuries), which became the main growth driver in 2025. If inflation data remains 'sticky', the risk premium in crypto will temporarily increase, but the mid-term trend remains dependent on flows into ETFs and corporate balances.
❌ Record and retreat: FT notes Bitcoin's 'slippage' after the new high
Financial Times reports: after updating the historical maximum above $124k, Bitcoin 'took advantage' — returned below the peak amid sensitivity to US macro data. At the center — the synchronous movement of risk assets: 'high beta' stocks and crypto reacted to higher yields and recalibration of rate trajectories. For BTC investors, this means a broader market context: when expectations for fast and deep rate cuts diminish, crypto appetite also declines. At the same time, FT emphasizes that fundamental interest remains — institutional channels (ETFs, public 'treasuries' with BTC) are functioning, but the price briefly reflects the change in pace in the global 'risk-on'.
❌ 'Was this the peak?' Overheating signals and on-chain data
Cointelegraph's analysis balances 'tech' and on-chain. After a jump to ~$124.4k, overheating signals appeared: '9th' TD sell, RSI divergences, wedge on the daily chart — all typically warn of a retreat. At the same time, on-chain metrics (low funding and limited profit-taking by 'short-termers') hint that the market is not in a capitulation phase. The conclusion for price: a short 'exhale' and increased volatility are likely, but the underlying trend is determined by institutional inflows and the growth of the money supply; this preserves chances for a resumption of the upward movement if macro conditions do not worsen. For altcoins, this means selectivity: capital will remain demanding of quality.
❌ BTC fell to ~$119k: liquidations >$1 billion and 'cautious' sentiment
The Economic Times reports a decline in BTC to ~$119.2k after ATH: a wave of liquidations with leverage exceeded $1 billion, and sentiments were soured by 'policy signals' from the USA (risk of slower rate cuts and uncertainty in regulation). The material also notes accompanying effects: weakening of ETH and large altcoins, outflows from crypto ETFs, and reevaluation of positions in derivatives. For traders, this is a classic 'post-maximum' mode: spreads in derivatives are compressing, and the risk premium is growing as the market digests macro conditions. Key support levels will determine sentiment heading into the weekend; maintaining them will reduce the risk of cascading liquidations.
✅ 'Crypto IPOs are driving investors crazy': the wave of placements continues
Barron’s describes the return of appetite for the crypto sector in public markets: after successful listings of Circle and Bullish (jump on the first day — dozens of percent), investors are expecting new applications from infrastructure players (exchanges, custodians, security providers). For crypto assets, this is a marker of maturity: transparency of financial reporting, listing discipline, and improved access to capital strengthen the correlation between equity valuations and asset prices (due to the impact on inflows/outflows in products with BTC/ETH exposure). A side effect — altcoins linked to the exchange ecosystem gain 'beta leverage' from positive placements.
✅ Miners as beneficiaries of AI demand: TeraWulf +43% after deal with Google backer
Barron’s notes the rapid surge of TeraWulf's shares following news of AI hosting expansion with a major tech partner. For the crypto market, this has two effects: (1) miners' margin stability due to income diversification (AI data centers → more stable cash flows), (2) reduced 'selling pressure' on BTC (less need to sell mined assets to cover opex/capex). Together, this supports the narrative 'miners as an infrastructure bet on digital assets and computation', which indirectly reduces discounts in valuations and contributes to a multiplicative effect on the crypto market capitalization.
✅ American Bitcoin (with the participation of Trump's sons) is hunting for assets in Asia
Financial Times reports that American Bitcoin, backed by Donald Trump Jr. and Eric Trump, is considering acquiring public companies in Japan and likely Hong Kong to build a 'strategic BTC reserve'. The scheme resembles a 'treasury' model Strategy — investors are given a trading instrument with pure exposure to Bitcoin. For the market, this is positive: the consolidation of mining/treasury assets deepens BTC's liquidity as 'digital gold', and the M&A cycle reinforces the institutional trend. Expectations of further listings/mergers support a premium in Bitcoin and limit the depth of pullbacks.
❌ 'The USA is not buying more crypto' — Bessent's message cooled enthusiasm
Wall Street Journal recorded a statement from Treasury Secretary Scott Bessent: the US government 'is not buying more cryptocurrencies' (context — discussion around state reserves of digital assets). The comment took some 'over-demand' off speculation about government purchases of BTC and may have increased short-term pressure on the price after ATH. For the market, this is an important signal: whether wanted or not, investors have built a 'policy premium' into prices — and every clarification from Treasury affects the delta of expectations. If Bessent's rhetoric boils down to budget-neutral operations without net purchases, the 'government factor' in Bitcoin's price decreases, and the role returns to private institutions and ETFs.
✅ 'Asian rally' after records in the USA and Bullish debut
The Washington Post notes that the wave of optimism following American stock records has boosted Asian indices; in the stream — also the momentum of crypto: the loud stock debut of Bullish and new BTC peaks. This 'risk market' operates in bundles: easing regarding inflation/rates → appetite for growth → inflows into risk assets, including crypto fund instruments. For digital assets, it's important that new listings of crypto infrastructure appear alongside historic stock highs — thus, 'macro winds' support the narrative and expand the circle of investors willing to hold exposure to BTC/ETH in portfolios alongside tech giants.
✅ BTC record against the backdrop of 'inflation shock' and tariff risks
Despite the 'shock' from hotter US PPI and tariff risks, Bitcoin updated its highs during the night. This emphasizes the change in correlations: crypto increasingly reacts not only to 'risk-off' but also to structural drivers — institutional inflows, regulatory clarity (stablecoins/ETFs), demand for 'digital gold'. For investors, the key is that macro and policy can simultaneously strengthen and slow down movement; on such days, risk management (leverage, stops, position size) is more important than 'chasing the trend'. BTC's record on the day of 'inflation surprise' is a strong but fragile signal: confirmation will be the ability to hold levels under increased yields.
