🚨 $BTC at the edge. $60K holds or we're going lower.
$BTC and $ETH just printed their worst week since FTX. $390 billion wiped from the market. BTC at 60,600, ETH at 1,554.
Jobs data killed the rate-cut narrative. Nasdaq tanked. Fed Chair Warsh is talking hawkish. All of it converging at once.
Here's the call: if $BTC holds 60K through the weekend, that's capitulation complete — sellers are done, and we bounce into next week. But if 60K cracks, we're running to 55K-57K and the liquidations cascade harder. DeFi stress is real (look at the Lubin move: 110K ETH to cover a 259M DAI position). That's not casual.
The bright spot? If the Fed blinks next week — any policy walk-back, any softer signal — this reverses fast. Relief rallies off these lows are violent.
Weekend is the tell. Either BTC shows a bid or it doesn't.