Bitcoin’s Wild Ride: Is It Crying or Just Sweating Out Its Crypto Tears?

Oh, Bitcoin. You’ve slipped below the $70k mark like a guest who’s overstayed their welcome at a party. Now you’re clinging to $65k like it’s the last slice of pizza at 2 AM. The market’s mood? Fragile. Like a reality TV star’s ego after a bad edit. Selling pressure? Persistent. Investor sentiment? Cautious. Macroeconomic trends? A mess. It’s like everyone’s waiting for the other shoe to drop, but the shoe is wearing rollerblades and headed straight for a banana peel.

Enter the CryptoQuant report from XWIN Research Japan, because nothing says “fun” like a macro analysis on a Tuesday. US retail sales in December? Underwhelming. Like a sequel no one asked for. Consumer spending is slowing down, and since that’s the engine of the US economy, this isn’t just a hiccup-it’s a full-on existential crisis. Bitcoin? Oh, it’s in a “corrective phase.” Fancy way of saying it’s having a midlife crisis, complete with a sports car and a questionable haircut.

Downside risks? Dominant. Unless liquidity does a 180 or institutional demand decides to throw a party, Bitcoin’s medium-term outlook is about as clear as a horoscope written in Sanskrit. Financial conditions tighten? Risk assets weep. Capital flows weaken? More tears. It’s a regular soap opera, but with fewer love triangles and more charts.

Macro Slowdown And Weak Spot Demand

The macro backdrop? Deteriorating faster than a cheap umbrella in a storm. Consumer spending and wage growth are both taking a nap, and the Federal Reserve is staring at them like a parent wondering where they went wrong. US retail sales missed expectations, and the Employment Cost Index is like that friend who always shows up late-below expectations. Manufacturing employment? In a long-term decline. It’s not a recession, it’s a lifestyle choice.

Bitcoin, in this environment, is like that one friend who always orders the trendiest drink but then complains it’s too bitter. Risk-off moves? Check. Behaving like equities? Check. Waiting for monetary easing to save the day? Double check. The Coinbase Premium Gap has been negative since late 2025, which basically means US spot demand is as enthusiastic as a cat being given a bath. Derivatives are driving the price action, because of course they are.

Want to fix this? ETF inflows need to step up like the hero in a rom-com. Until then, it’s just Bitcoin and its feelings, sitting in a corner, wondering where it all went wrong.

Bitcoin Tests Critical Support As Weekly Structure Weakens

Bitcoin’s weekly chart? A tragedy in three acts. Act One: Loses $70k. Act Two: Clings to mid-$60k like it’s the last life raft. Act Three: Momentum indicators scream “I’m fine!” while candles whisper “Help.” Selling pressure? Persistent. Volume spikes? More dramatic than a season finale. Lower highs since late 2025? It’s not a pattern, it’s a cry for help.

Next support zone? $60k. If it holds, it’s a miracle. If it doesn’t, well, let’s just say Bitcoin might need a therapist. Or a vacation. Or both. Spot demand needs to show up like the cavalry in a Western, or this correction might just turn into a full-blown drama.

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2026-02-12 05:42