Overview
- Bitcoin is trading below $67,000 after falling more than 50% from its October peak near $126,500, putting it on pace for a fifth consecutive weekly decline last seen in 2022.
- The U.S. dollar index has climbed to 97.7 and WTI crude to $65 as Middle East risks intensify, pressuring risk assets including crypto.
- U.S. spot bitcoin ETFs still hold roughly $85 billion, yet recent weeks have brought net outflows, including a reported $133 million single-day withdrawal.
- Analysts cite bearish technicals and increased large-holder transfers to exchanges, warning a breakdown could target the $55,000–$60,000 area.
- Retail fear gauges have spiked even as Goldman Sachs CEO David Solomon disclosed he owns a small amount of bitcoin, highlighting a split between small investors and some institutional players.