Is $60,000 Bitcoin’s tripwire that could unleash a cascade of selloffs?
Bitcoin’s $60,000 level has become a critical front line for the market. A sustained break below it could amplify volatility as heavy put positioning on Deribit, dealer hedging flows, BTC-backed loan liquidations, and leveraged forced selling potentially combine into a cascading move. With the 200-week moving average near $58,000 and growing focus on downside scenarios, traders are watching whether support can hold—or whether a deeper slide could follow.
US NFP numbers impress, dollar strength & rumoured BoJ action
In today's episode, TraderNick and podcast host Jonny Hart digest the latest US NFP numbers, released unusually on a Wednesday. Otherwise, we discuss the latest on FX, especially regarding the US dollar and Japanese yen, as well as world equities and crypto.
