5 REASONS BTC AND CRYPTO DUMPED 🚨 🔻

1️⃣ 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.

2️⃣ Retail greed

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

➢ Needless to say, they got liquidated.

3️⃣ Trump Tariffs 

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

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

4️⃣ 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.

5️⃣ Low spot demand

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

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