Bitcoin slips beneath seventy thousand dollars as selling pressure deepens before American equities awaken. You can feel the paradox immediately: digital assets tremble in extreme fear while American equities, for the moment, appear almost indifferent. Stay with us, and we will trace how sentiment, correlations, and balance sheets transmit stress through markets before the first bell even rings. You and we both know a price is never just a number. It is a compressed message about countless individual choices, each one made under uncertainty. Before equities trading begins in the United States, Bitcoin falls beneath seventy thousand dollars, sliding to roughly sixty six thousand nine hundred eighty eight dollars as the broader crypto selloff intensifies. At its lowest point, Bitcoin touches about sixty nine thousand nine hundred seventeen dollars. And here is where the mind of the crowd becomes visible: the language of sentiment shifts into what observers call extreme fear, with the Fear and Greed Index sitting near eleven, a level reached only rarely. Now notice something subtle with us. The selling is not evenly distributed across all arenas of exchange. It concentrates, largely, in digital assets and metals, while the wider American equity market shows a kind of surface resilience. Gold declines by more than one percent, slipping below four thousand nine hundred dollars per ounce. Silver drops by over eleven percent, falling under seventy nine dollars per ounce. When assets that many treat as refuges are sold alongside risk assets, you are watching a search for liquidity, not a calm rebalancing. Meanwhile, American equities are slightly higher in pre market trading. The Invesco triple q exchange traded fund, which tracks the Nasdaq one hundred index, is up about zero point zero five percent. The contrast is the hook: fear is loud in one corner, quiet in another, and you should ask why. Because the stress does not vanish. It migrates to where exposures are most direct. Equities tied closely to Bitcoin extend their declines. Strategy, widely known as one of the largest publicly traded holders of Bitcoin, falls more than five percent and sits nearly eighty percent below its November twenty twenty four all time high. You can already see the next point of tension: the company is due to report fourth quarter earnings later Thursday, and earnings are where narratives meet arithmetic. Other Bitcoin treasury companies, including Strive and Nakamoto, are down roughly six percent. When a firm holds a volatile monetary asset on its balance sheet, the market does not need to wait for a quarterly report to reprice the risk. It reprices the expectation of future financing conditions, future dilution, and future discretion under pressure. Crypto linked equities weaken as well. Coinbase is lower by another two percent, while Bullish is down about zero point four percent. You are watching second order exposure: not the asset itself, but the businesses whose revenues and valuations depend on the tempo of trading and the willingness of speculators to act. Even the Bitcoin linked miners do not move as one. Iren is down three percent, while Cipher Mining is down two percent, after steep declines of around fifteen percent each on Wednesday. Larger miners with significant Bitcoin holdings, including Riot, Mara Holdings, and CleanSpark, are all about three percent lower. Here the market is weighing two things at once: operational margins and the value of the coin inventory, a double sensitivity that becomes painful when prices fall quickly. Now we arrive at the question you should keep in your pocket: if correlations hold, where might relief come from, and what would that relief actually mean? The iShares Expanded Tech Software exchange traded fund is slightly higher, a segment Bitcoin has historically tracked closely at times. If that relationship reasserts itself, some may interpret it as a stabilizing signal. But we should be careful: correlation is not a cause, it is a temporary alignment of many separate plans. And then, another tension appears. Google is down three percent despite beating fourth quarter profit forecasts, after announcing higher capital expenditures of about one hundred eighty five billion dollars, up from one hundred seventy five billion dollars, with estimated spending of about one hundred nineteen point five billion dollars. Even good news can carry a cost when it implies heavier future outlays and a longer wait for cash flows. Markets are not judging virtue. They are pricing time. So when you see Bitcoin below seventy thousand dollars, metals sliding, and equities holding up, do not treat it as chaos. Treat it as a map of preferences under stress, a live record of who needs liquidity now, who can wait, and who is forced to discover what they truly hold. If you want, tell us where you think the pressure really begins in moments like this: in the asset, in the leverage behind it, or in the stories people used to justify holding it. lightning: sereneox23@walletofsatoshi.com https://image.nostr.build/876a55420d006ea0b5ee83040f63d55e7ca933e034e72a4eae92cadbd671cae2.jpg