While stocks slid and gold pulled back, Bitcoin is holding up with a solid 3.6% bounce, punching back above $71K. BTC isn't immune to macro pressure, it just came into this period with no bloated positioning to flush out. Now it's simply waiting. 🧵

Traditional markets are only now adjusting to the new macro reality: the S&P 500 broke its 200-day moving average for the first time in a year, gold is down 18% from recent highs, and oil has surged 48%. But Bitcoin's correction from $126K all the way to $60K happened months ago. The deleveraging is done.

The pieces are aligning: US Bitcoin ETFs have posted 7 straight days of net inflows (~$1.17B), long-term holders have stopped selling, shorts are crowded, and BTC has broken into a zone with limited on-chain resistance up to $82K. Currently, Bitcoin is doing what it does best