$BTC softened with macro risk-off, altcoins followed; #KuCoin EU got its MiCA license, U.S. Bank tested a Stellar stablecoin, and $ETH confirmed the #Fusaka upgrade.
$BTC didn’t dump because of “bad news.” It dumped because the clock reset.
A new UTC day… a new week… a new month and an entire wave of automated systems fired at once.
This isn’t human traders panicking. It’s systemic portfolio rebalancing in real time: • inventories recalibrated • hedges rolled over • risk exposures flushed and reset
The candles look emotional, but the price action is purely mechanical.