Post #15769

Crypto Continues Its Slow Bleed Bitcoin is sitting around $74K, right on a major support zone. This is a line in the sand — a clean break below it opens the door to a much deeper downside move. Price has been slowly bleeding as Japanese tightening risk stays in play. With JGB yields elevated, the BTC carry trade (borrow cheap yen, buy higher-return assets like Bitcoin) is getting more expensive. That squeeze is forcing some leveraged players to unwind, which adds steady selling pressure. On top of that, “crypto winter” sentiment is creeping back in. Historically, as the cycle ages, upside momentum fades, volatility rises, and rallies get sold faster. Another layer of risk is large holder stress. If major players start slipping deeper into unrealized losses (e.g., highly levered corporate holders), it can weigh on sentiment. Though relatively small in the grand scheme of things, it can accelerate downside flows if confidence cracks. For now, this support is holding. - Alan