According to Wintermute analysis, Bitcoin's price has fallen below the $80,000 mark for the first time since April of last year, and after touching $60,000, it rebounded to around $70,000. This correction led to over $2.7 billion in leveraged liquidations, erasing all gains since Trump's election in 2024. Three major factors are at play, including Warsh's nomination as Federal Reserve Chair, poor performance of Mag7 earnings reports, and a significant pullback in the precious metals market. Data shows that selling pressure in the US continues, with BTC ETF fund outflows totaling $6.2 billion since November of last year, and institutional demand has noticeably weakened. Additionally, capital inflows into the AI sector have negatively impacted the crypto market.

BTC0,79%

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