Bitcoin: Liquidity Drain Ahead of Anthropic IPO

CryptoMichNL points to a widening gap between $NQ and Bitcoin. Nasdaq swept lower levels then reclaimed them fast, posting gains above 1% today.

Bitcoin shows persistent weakness instead. The trader links this directly to liquidity exiting markets ahead of the Anthropic IPO, with little movement expected until that event passes, similar to prior flows seen with $SPCX.

Price sits at $73598.32 on the 4h chart, trading inside Bollinger Bands with upper resistance at $76502.12 and lower support at $72852.9. The bearish structure holds as price remains below both EMA50 at $75847.2 and EMA200 at $79376.63, while MACD prints a death cross at -699.97 and RSI at 38.67 stays neutral. With price testing upper Bollinger resistance while the broader trend structure stays bearish, a healthy retracement toward the 50-EMA support at $75847.2 appears probable before any continuation attempt.