5 REASONS BTC AND CRYPTO DUMPED

Bullish economic data ➢ The US GDP came in higher than expected, while initial jobless claims came in as expected.

Both data are bullish, which means #Powell will throw his "We will just wait" tantrum.

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Retail greed ➢ Retail thought of getting financially free in one day and went giga long on #BTC.

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Trump Tariffs ➢ Yesterday, Trump's son opened a short position and told his father to talk about tariffs.

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Trump imposed 25% tariffs on cars not made in the US, and the market dumped

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CME Gap ➢ On Sunday, BTC pumped a bit, which caused a CME Gap around $84K. ➢ As usual, BTC dumped and will most likely fill the gap.

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Low spot demand ➢ $BTC is a $2T asset, and a $50M-$100M inflow can't pump the price.

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On top of that, the move from $85K to $88K was mostly leverage driven, so it was sure that BTC would drop click here

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