Bitcoin up 6% after big sell off over weekend..
In this market commentary, the speaker explains that Bitcoin rose 6% in the last 24 hours despite a recent weekend panic triggered by Iran’s entry into war, which had driven prices down to the low $60,000s. He notes that normally such a shock would lead to further declines, but a key difference this time is the rapid return of liquidity as US markets opened, causing sellers to dry up and allowing aggressive bids to push the price upward. The speaker highlights a critical $70,000 inflection point: a sustained move above this level would signal a continued uptrend, whereas a rejection would likely resume a downtrend. He emphasizes that crypto price movements often precede broader macro‑liquidity shifts, so the upcoming days are crucial to watch for potential larger market implications.
