Bitcoin & Ethereum – Price And Drivers

Bitcoin (BTC)

Price (24h range): traded around the mid–80Ks, with spikes of volatility on both sides of 85,000 USD as order books thinned.​Why it moved: Macro shock: growing worries about fewer or later Fed rate cuts and the unwinding of the yen carry trade forced investors to reduce leverage and risk exposure.​Liquidation cascade: Once BTC fell below clustered long-liquidation levels near recent support, hundreds of millions of dollars in leveraged longs were forced to sell, accelerating the drop.​Whale and market-maker selling: large players distributed BTC into weakness to rebalance after derivatives losses, capping every bounce.​ #BTCVSGOLD #CPIWatch