Bitcoin surged from $86,286 → $93,324, jumping 8%—while American Bitcoin (ABTC), the Trump-linked mining stock, collapsed nearly 50% intraday before recovering and closing down about 35%.

The two assets, believed to “move together”… instead moved in opposite directions.

And here’s the simple truth 👇

🔥 Why BTC surged

Bitcoin’s price increased due to macro factors turning positive again:
- The Fed officially ended quantitative tightening
- The market is now pricing in nearly a 90% chance of a rate cut on 12/10
- A major investment firm has finally opened up crypto ETF access to millions of users

Nothing has changed about Bitcoin’s supply…
Nothing has changed about its network…
But people are willing to pay more because macro capital flows have reversed.

That’s how BTC climbed back near $93K.

🔥 Why ABTC crashed

ABTC’s selloff had nothing to do with Bitcoin.
This stock faced its first major lockup expiration, unleashing a wave of pre-merger and private-placement shares into a thin, overhyped float.
Early investors sold off heavily.
Multiple trading halts.
Trading volume 10x the usual.
The stock is now down ~80% from its September peak.

ABTC didn’t crash because of Bitcoin.
It crashed because new supply flooded a small circulating float all at once.

🔍 Proxy trading is just trading

For months, ABTC traded like “leveraged Bitcoin with a Trump premium.”
But when the lockup ended?
Reality set in.
Politically branded mining stock ≠ Bitcoin.
Small-cap stock ≠ spot ETF.
Proxy trade ≠ real asset.

✅ Conclusion

BTC rose because macro conditions improved.
ABTC fell because supply spiked.
Two completely different stories—playing out on the same day.
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