Bitcoin

This reflects a structural shift where macro-driven risk-off flows now dominate crypto, evidenced by the inverse correlation between BTC and the US Dollar Index strengthening to -0.82 over 30 days. Unlike past cycles, this selloff is being driven by institutional de-risking from altcoins (7d altcoin volume down 38% while BTC stable) rather than retail panic, setting up asymmetric recovery potential.

Bloomberg broadcast a segment titled 'This Market Selloff Isn't Exhausted Yet: 3-Minutes MLIV' on 'The Opening Trade'