Bitcoin: Liquidity Rotation Drains $48B as S&P Gains
Bitcoin drops 3% wiping $48B market cap while S&P 500 adds $240B in liquidity rotation, BTC at $79168.27 tests upper Bollinger resistance.
SourceAnalysis
Bitcoin started dumping the moment US stock futures reversed higher, confirming a clear liquidity rotation between crypto and US equities today as the S&P 500 rose 0.26% to add $240 billion while BTC shed 3% from its day high and erased roughly $48 billion in market cap.
Historical correlation Bitcoin S&P 500 liquidity rotations and past examples of capital flows between crypto and US equities show this pattern often precedes short-term consolidation before the next leg higher. With price at $79168.27 testing upper Bollinger resistance at $80482.3 while RSI sits at 63.65 and MACD prints a death cross, a healthy retracement to the 50-EMA support at $74272.27 appears probable before continuation.
Bull Theory
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