A little thought about massive week
It was one of those weeks where everything sold off at the same time, and the numbers were not small.
Gold decreased to ~$4,900 from $5,514, and $BTC decreased to approximately $67,250, and Solana dropped the most, having fallen from $132 down to
~$84. Market cap of approximately $500 billion vanished, and positions worth over $2.4 billion were liquidated in the last 24 hours, including BTC longs valued at over $980 million of that amount.
Precious Metals:Gold: ~$4,900 Silver: ~$76
Crypto: $BTC ~$67,250 $ETH : ~$1,950 $SOL: ~$84
Market Metrics: Crypto market cap: ~$2.3T Liquidations (24h): ~$2.4B
The total crypto market cap is now sitting at around $2.3 trillion, which is down about 18.1% from last week, and ~27.2% from last month.
What triggered the move:
The Fed maintained its hawkish stance with no rate cuts, which took some air out of risk assets across the board. At the same time, institutional positioning that had built up during the Trump rally started unwinding, and CME raised margin requirements on metals, which triggered a cascade of selling in that market. Following these news, long-term Bitcoin holders also realized over $2 billion in positions, which added even more pressure on top of everything else.
Some context worth keeping in mind: The RSI (Relative Strength Index) of Bitcoin fell to ~28, which is technically oversold, and Ethereum is at ~31 and approaching a similar zone.
Traditionally, corrections in the 10-15% band have been at 32% rebounds on average, and every significant pullback in 2025 resulted in new highs within 21 days. It does not necessarily have to happen again, but the trend has been followed regularly to the extent that it is necessary to be attentive to it.
If you are thinking about making a move:
USDC inflows have still been relatively strong at Solana, and Tether Gold remains on offer at ~$4,900 levels in case you want to have exposure to gold without having to bother with storage fees.
