WHY IS BITCOIN DUMPING?

1) TRUMP NEW TARIFFS

YESTERDAY, TRUMP ANNOUNCED 25% TARIFFS ON CARS NOT MADE IN THE U.S.

IMMEDIATELY AFTER THAT, CAR MAKERS ANNOUNCED ADDITIONAL COSTS.

AS I HAVE SAID BEFORE, TARIFFS LEAD TO SHORT-TERM INFLATION WHICH IS BAD FOR RISK-ON ASSETS.

2) RISING GDP

THE REVISED GDP DATA YESTERDAY CAME HIGHER THAN EXPECTED.

THIS IS GOOD IN THE LONG-TERM BUT BEARISH IN THE SHORT-TERM.

GOOD ECONOMIC DATA MEANS THE FED WILL KEEP CURRENT MONETARY POLICY FOR LONGER.

3) LEVERAGE FLUSH

AS BTC PUMPED ABOVE $86K, RETAIL STARTED GOING LONG ON BTC.

THEY DEFINITELY FORGOT ABOUT CME GAP AT $84K, WHICH JUST GOT FILLED.

ONCE THESE TARIFF NEWS HIT THE MARKET, STOCKS DUMPED AND BTC DUMPED EVEN HARD CAUSING CASCADING LIQUIDATION.

WE COULD SEE A REVERSAL FROM

$84K LEVEL.