BTC Drops 4% in 2 Hours — What’s Really Happening? U.S. stocks just took a hit… and Bitcoin followed fast. BTC fell from $67,600 to near $64,000 within hours — a 4%+ slide mirroring the broader risk-off move in U.S. markets. Major indices dropped sharply, and crypto-related stocks like Coinbase also saw heavy pressure. 👀 Right now, Bitcoin isn’t trading like “digital gold.” It’s moving more like a high-beta tech stock. Reports from The Block and CoinDesk highlight a near-perfect correlation between BTC and U.S. tech equities. When software ETFs hit 52-week lows, speculative assets — including crypto — sold off together. 🔎 What’s Driving This Linkage? ▪️ “Sell America” trade intensifies amid U.S. economic uncertainty (including a 15% tariff hike). ▪️ Institutional outflows continue — U.S. spot BTC ETFs have seen ~$3.8B in outflows over five weeks. ▪️ Risk sentiment dominates — BTC is currently reacting to macro stress, not acting as a safe haven. 📊 The key takeaway: For now, Bitcoin remains tightly connected to global macro conditions. If equities stay fragile, crypto may face continued short-term volatility. But remember — volatility creates opportunity. Watch closely: 1. Institutional ETF flows 2.U.S. macro data 3. Equity market stability Any shift in risk appetite could trigger a sharp rebound — just as quickly as the drop. Are we seeing temporary macro pressure… or the start of deeper correction? 🤔
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
10 Likes
Reward
10
13
Repost
Share
Comment
0/400
Yusfirah
· 7h ago
thanks for shairing the true crypto market insight
#btc
BTC Drops 4% in 2 Hours — What’s Really Happening?
U.S. stocks just took a hit… and Bitcoin followed fast.
BTC fell from $67,600 to near $64,000 within hours — a 4%+ slide mirroring the broader risk-off move in U.S. markets. Major indices dropped sharply, and crypto-related stocks like Coinbase also saw heavy pressure.
👀 Right now, Bitcoin isn’t trading like “digital gold.”
It’s moving more like a high-beta tech stock.
Reports from The Block and CoinDesk highlight a near-perfect correlation between BTC and U.S. tech equities. When software ETFs hit 52-week lows, speculative assets — including crypto — sold off together.
🔎 What’s Driving This Linkage?
▪️ “Sell America” trade intensifies amid U.S. economic uncertainty (including a 15% tariff hike).
▪️ Institutional outflows continue — U.S. spot BTC ETFs have seen ~$3.8B in outflows over five weeks.
▪️ Risk sentiment dominates — BTC is currently reacting to macro stress, not acting as a safe haven.
📊 The key takeaway:
For now, Bitcoin remains tightly connected to global macro conditions. If equities stay fragile, crypto may face continued short-term volatility.
But remember — volatility creates opportunity.
Watch closely: 1. Institutional ETF flows
2.U.S. macro data
3. Equity market stability
Any shift in risk appetite could trigger a sharp rebound — just as quickly as the drop.
Are we seeing temporary macro pressure… or the start of deeper correction? 🤔