The ongoing crypto downturn is driven by a perfect storm of macro pressures + institutional selling + leverage unwind + looming US economic data.
Macro headwinds are intensifying: Risk-off sentiment is spreading from tech stocks (Nasdaq/S&P weakness), geopolitical tensions, gold/silver volatility, and fears of a hawkish Fed under potential new leadership (e.g., Kevin Warsh nomination). Higher-for-longer rates hurt risk assets like $BTC
Institutional outflows continue: Spot Bitcoin ETFs have seen heavy net outflows in recent months, adding massive selling pressure from big players exiting positions.
Leverage unwind & liquidations: Billions in leveraged positions have been force-closed, creating cascading sell-offs and deleveraging across exchanges.
Upcoming US data adds uncertainty: Key reports (jobs, inflation, Fed signals) could swing markets hard either way.
Many analysts now view this as the late-stage capitulation phase — panic selling may be nearing exhaustion, and bottoming could be underway. However, a quick V-shaped recovery looks unlikely.
Warnings from the charts/community:
$BTC 
is hovering around $66,900–$67,000 (down ~45% from Oct 2025 ATH of $126K+).
Fear & Greed Index in "Extreme Fear" territory.
Potential deeper support at $60K or even $55K if macro worsens.
This isn't a single black swan event — it's a combo of factors shaking out weak hands. History shows these phases often precede strong rebounds, but patience is key.
What do you think — bottom in sight or more pain ahead? Drop your TA/views below! 🚀📉
DYOR, stay cautious, and never invest more than you can afford to lose. #Bitcoin #CryptoMarket