Right now, on-chain data reveals a massive capital pivot shaking up BTC/USD.
The Cash Squeeze: Standard Chartered reports that a major chunk of the recent $5.72 billion spot ETF outflow was caused by institutional investors aggressively liquidating Bitcoin. They did this specifically to free up cash to buy into the SpaceX IPO.
Macro Tailwind: Simultaneously, oil prices are sliding toward $85 a barrel due to the ongoing U.S.-Iran diplomatic talks. This cooling energy sector is lowering global inflation fears, sending a sudden burst of liquidity directly back into risk assets like Bitcoin.
The Floor: Analysts from Charles Schwab confirm that the $60,000 zone has officially solidified as the definitive cyclical market floor for this current wave.