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Deutsche Bank explains Bitcoin weakness
📌 What happened?
Deutsche Bank believes Bitcoin’s move below $60,000 was caused by three factors: a hawkish Federal Reserve, ETF outflows, and capital moving toward AI-related investments.
📌 What does it mean?
The bank is arguing that Bitcoin’s weakness is not coming from one source. Multiple macro and market forces are hitting demand simultaneously.
📌 My opinion
I think the AI rotation point is particularly interesting. Markets often chase the strongest narrative. When capital sees better opportunities elsewhere, even strong assets can struggle despite healthy fundamentals.
$BTC #Get2SharesOfSKHynixAtZeroCost #BTCProbes60KKeySupportLevel #WorldCup🇺🇸vs🇹🇷