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Bitcoin Below $60K: 13-Day ETF Bleed, Fed Shock & Capitulation Signal
Audio is available on Spreaker — see link below.
Bitcoin broke below $60,000 for the first time since October 2024, driven by a record 13-day ETF outflow streak and a Fed rate-hike reversal that crushed risk appetite. This episode unpacks the $4.37B institutional unwind, leveraged long liquidations, and what the Hyperliquid ETF inflows reveal about where capital is rotating.
Audio is available on Spreaker — see link below.
Bitcoin broke below sixty thousand dollars this week for the first time since October twenty twenty-four. That's not just a number.
Here's the key thing. This isn't primarily a retail panic.
The trigger for all of this sits in the macro environment, not in anything specific to Bitcoin's network or adoption curve. BNP Paribas now forecasts three Fed rate hikes beginning December twenty twenty-six, reversing the rate-cut narrative that had supported risk assets through most of twenty twenty-five.
The leveraged side of the market got crushed in the process. Nearly five hundred million dollars in Bitcoin long positions were liquidated in under forty-eight hours.
One counter-signal worth tracking. While Bitcoin bled four point three seven billion, newly launched Hyperliquid ETFs from Bitwise and twenty-one Shares pulled in one hundred and fifty million dollars in consistent inflows.
The real watchpoints from here are narrow. First, whether ETF redemptions stabilize or accelerate.
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