In this video: Bitcoin just went below the low from February 2026, confirming the bear market did not end back then. What's next? Video by Benjamin Cowen.
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Bitcoin (BTC) has plunged below the critical $60,000 threshold, currently trading at approximately $59,899 (roughly €51,902), marking a steep 4.25% intraday decline. A wave of intense market volatility has triggered over $1.5 billion in liquidations across digital asset markets, erasing more than 20% of Bitcoin's value over the past week.
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-MicroStrategy's Symbolic Sell-Off: Confidence was deeply rattled after Michael Saylor's MicroStrategy disclosed its first Bitcoin sale since 2022. While the firm only offloaded a minimal 32 BTC from its massive treasury, the symbolic shift broke the market's long-standing assumption that the company would only accumulate regardless of conditions.
-Blockbuster US Jobs Report: A significantly stronger-than-expected US employment report sparked aggressive global risk-off sentiment. The data forced a sharp repricing of Federal Reserve interest rate expectations, feeding fears of delayed rate cuts and prompting a $2 trillion capital erasure from the S&P 500.
-Aggressive ETF Capital Flight: Institutional support has rapidly cooled. US spot Bitcoin ETFs recorded a grueling 15 consecutive sessions of net outflows, draining more than $4.7 billion in liquidity.
-Macro Risk Alignment: The broader cryptocurrency market has experienced a synchronized pullback, with the global crypto market cap sliding 2.66% to $2.41 trillion. Crypto assets currently exhibit a massive 84% correlation with the Dow Jones Industrial Average, trading almost entirely in lockstep with traditional macroeconomic risk indicators.
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