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Bitcoin and Gold Signal Bearish Shift | Bitcoin and Crypto News
Description
Bitcoin’s recent dip, its lowest since September, sparked a wave of futures liquidations—mostly from bullish bets—while bearish sentiment dominates, with more volume coming from short sellers. Gold’s “death cross” signals trouble, as its short-term average dips below long-term, mirroring weakness in major ETFs. Bitcoin options show heavy put buying, especially for a $50K strike expiring in September, hinting at a sharp Q3 drop. Meanwhile, altcoins like Jupiter and Stellar Lumens hold firm, cushioning the broader crypto slump. All this comes amid rising dollar strength and inflation fears, making risk assets—especially crypto—less attractive.
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