WHY IS $BTC DUMPING?
THE REASONS 👇
1) OVER LEVERAGE
AFTER BTC BROKE ABOVE ATH, OPEN INTEREST ROSE TO ITS HIGHEST LEVEL SINCE DECEMBER 2024.
ALONG WITH THAT, FUNDING RATE WENT INTO OVERHEATED TERRITORY, WHICH MEANS BULLS WERE GETTING OVER CONFIDENT.
USUALLY WHENEVER THAT HAPPENS, WHALES DUMP THE PRICES TO LIQUIDATE THOSE GREEDY LONGS.
2) TRUMP TARIFFS
TODAY, DONALD TRUMP THREATENED 25% TARIFFS ON APPLE AND 50% TARIFFS ON EU FROM 1ST JUNE.
THIS CAUSED STOCK FUTURES DUMP AND BITCOIN FOLLOWED THE SAME.
3) FED STATEMENT
FED MEMBER SAID TODAY THAT INTEREST RATES COULD GO UP IF THERE IS A CRISIS OVER US FISCAL STABILITY.
WE ALL KNOW THAT FED WON'T RAISE RATES, BUT EVEN THE STATEMENT IS ENOUGH TO SPOOK THE MARKETS.
#TrumpTariffs #MarketPullback #BTCBreaksATH110K #DinnerWithTrump