With today’s sell-off in chip stocks, Bitcoin looks poised to break below $60k. That move will likely trigger another wave of liquidations. Personally, I see no reason to buy until the total crypto market cap drops to the $1.8–1.9T zone. Meanwhile, the usual flawed Wall Street logic is kicking in: strong US jobs data = no rate cuts → time to dump everything. Pessimism ahead of the next FOMC is already building, and the political backdrop isn’t helping either. Crypto seems headed for a tough summer. We’ll see what autumn brings. Stocks, on the other hand, continue to absorb most available liquidity and stay elevated. #Bitcoin #CryptoMarket
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