Bitcoin bleeding billions as Wall Street exits — short the crypto crack below $6
Thesis
Massive institutional selling is hammering the crypto market, with $4.4 billion fleeing Bitcoin funds in just over two weeks. This relentless selling pressure has dragged the total crypto market cap down by a staggering $2 trillion. Bitcoin is currently clinging to a critical $60,000 floor; if it crashes through this psychological barrier, panic selling will likely accelerate. With the big money clearly heading for the exits, the path of least resistance is straight down.
Strategy approach
Build a short strategy on BTCUSDT using the 4-hour (H4) timeframe. Enter a short position if the price breaks and closes below the 60000 support level, confirmed by ADX(14) > 25 showing a strong trend, and MACD histogram ticking lower below the zero line. Set a stop-loss just above the recent swing high, and use a 2x ATR(14) trailing stop to lock in profits on the way down.