WHY DID BITCOIN DROP?

Friends, the decline of #Bitcoin to 76 thousand dollars yesterday was not the result of a single event but rather the outcome of four different crises triggering each other.

The first factor came from the macro side. The emergence of Kevin Warsh as a candidate for the Fed chairmanship created a hawkish wind in the market. Warsh's support for tight monetary policy nearly erased the expected interest rate cuts for 2026. As the dollar gained strength, investors moved from risky assets to cash and bonds. The rise of USDT dominance was also evidence of this. As a result, liquidity was rapidly withdrawn.

The second layer was geopolitical. The increasing military tension around the Strait of Hormuz brought a new crisis in energy supply to the agenda. The rise in oil prices renewed inflation fears, leading central banks to tighten again. In the market, #Bitcoin briefly lost its safe haven role and came under selling pressure alongside technology stocks.

The third wave occurred on the trust side. The connections to Bitcoin in the #Epstein files spread rumors that old dark wallets would start selling. Additionally, the tension between #OKX and #Binance escalated concerns about an inter-exchange war, further reducing liquidity..

The last layer was a technical collapse. When long positions below the 80 thousand dollar level exploded, a liquidation of 2.6 billion dollars pulled the market down in a chain reaction. Moreover, since this wave of sales coincided with the weekend, there were no institutional buyers, and the buying wall did not hold, causing the price to spike down to 76 thousand.

Friends, I have been in this market for years, and for the first time, I am facing such situations. We have seen very dark nights, but we have always witnessed the sunrise, and hopefully, there will be an end to these dark nights too.