Why Did Bitcoin Dip Today?

Added: 2026-05-18

[00:00:00]Welcome back to another Sunday video.

[00:00:04]Uh, no walk today, but I know some of you guys are kind of worried, wondering what's going on with Bitcoin. It has fallen to 77,000. Obviously, the entire weekend and last week, we were holding well above 80, 81, 82, stuff like that.

[00:00:19]So, why did we come down? What do we have to look forward to this week? Let me discuss. So, as of right now, we are holding at 77,000. As you can see, we trended down a little bit from last week. What is causing the pressure? If you're looking at from uh TA perspective, I'm on that one hour right now. If you're looking at like we have gone below the 50.

[00:00:48]A couple of uh interesting things like buller band, we are definitely lower now, which actually is a good thing. But if you're looking at EMA ribbon, we're also below. So from a technical standpoint, shorter time frame, not really good. But what's the cause of this? Well, couple things.

[00:01:10]Geopolitically, uh things with Iran is not over. Even though Trump and a lot of CEOs went to visit President Xi in China, that was kind of mixed. I mean, based on what people are saying, it's kind of mixed.

[00:01:25]We don't know the full details about all the deals and everything they made, but this thing in Iran is not over, right?

[00:01:33]Trump is warning Iran to get moving or there won't be anything left. So, I mean, it seems like Iran is still dragging his feet. Uh Trump obviously wants this over. China wants this to be over. So, this is one of the big things um that everyone's trying to get, you know, get over with. And also, the new worry is Taiwan. So, this meeting with President Xi didn't seem like it went as well as people thought. Trump was a little tight-lipped about defending Taiwan and and people thought that, you know, President Xi was getting the best of him. I I'm not so sure that's true.

[00:02:12]I'm sure there are a lot of things that didn't come out yet that hasn't been discussed. But that was also one of the reasons why markets kind of got weaker because of that because of all the speculation that you know the US is not going to defend Taiwan if China really wants to take it.

[00:02:32]China's up and coming and kind of the US is is trying to do what it can to to to please them in a way. I'm not so sure I buy that narrative at all. I still think that the US has a lot of power, has a lot of cards and a lot of the naysayers are just going to say what they're saying, but it's part of that. Uh, one of the big reasons is of course liquidations. Okay, we have massive amount of liquidations surprisingly most of it in ETH, more than BTC and some of the others combined. So right now this is causing a lot of movement too, right?

[00:03:12]Look at that. Only 16.3 million shorts liquidated, 510 in longs. This is what I've always said.

[00:03:21]If you're going to play with leverage, don't go crazy. This is the reason why.

[00:03:26]So you can see 40% is in ETH, 30%, and then you got Soul, XRP, Hype, and others that add up to quite a lot. So this is definitely contributing among everything else a little more geopolitical worry causing a lot of selling. So it all compounds, right? So this is what's happening. Now what do we have to look forward to this week? Oh, I forgot too some other FUD that came out. I saw this on my for you page that Harvard exits ETF bets. Okay, so supposedly Harvard exited from the Bitcoin and Ethereum ETF signaling selective institutional pullback. So that I think also got people a little worried little worried about hey are other institutions going to pull back right um so I clarified you know there's actually a a question here right what does that mean overall are they really pulling out of everything are they really just getting out of Bitcoin and crypto and the answer is No, it's not a full retreat. A tactical reposition.

[00:04:46]Okay. And this happens all the time.

[00:04:51]Does not mean that they are disbelievers. They are just getting out.

[00:04:57]Sometimes they need to shift and that's it. Right? But I do think this is also causing some panic, some worry among people. Right? But as you can see on the flip side, Binance recorded 1.5 billion in stable coin net inflow. That tells you something, right? That's way more than what's Harvard sold. So again, kind of interesting. This is on the for you page. All of you guys have access to this and all the great answers. Um, outside of this, if you look at economic calendar this week, we have the FOMC minutes that's coming up on Wednesday.

[00:05:36]Sometimes it's interesting, especially this one because all the governors and everyone, they were kind of mixed. I think it was a 8 to4 vote not to not to lower rates, right? So, it'll be interesting to see what comes out of that. But, uh, besides that, I mean, there's not a whole lot consumer sentiment, stuff like that.

[00:05:57]But, if you go to earnings, there are a few interesting things. For example, Nvidia, they were very hot last week. Obviously good news coming out of China too, but their earnings is coming out on Wednesday. And then you can see Target as well, Walmart as well. So you got some big companies coming up and they could definitely set a tone.

[00:06:20]Target, Walmart, obviously they're going to be talking about consumers and how the US consumers are reacting and they're going to be making forecast.

[00:06:31]Nvidia obviously going to set the tone for AI and tech in general, right? So, these are major things that's coming up later this week. So, overall this week, I'll say today right now could just be a flush out. Okay. So basically a little bit of bad news with whale manipulation equaling a lot of liquidations.

[00:07:01]There's really no major news other than Harvard possibly selling. Let's not forget the Clarity bill, Clarity Act, passed the first stage that's coming up.

[00:07:12]We got a couple earnings this week, which could be good. We could hear more about this war situation with Iran this week. There's a lot of good stuff. a lot of good stuff. So, I don't want you guys to get too worried.

[00:07:26]Don't want you guys to give up hope. I know a lot of you guys are still very bearish on Friday. Man, I was feeling it because so many people were so bearish.

[00:07:35]Did not like that. You know what? Let's check inflow. Look at this. Look at this. One day, 210 million, 7 days, 924 million, 30 days, 2.6 66 billion.

[00:07:53]Okay. Exchange inflow liquidity. I mean, it's just it's a lot. It's a lot. So, goes to show you that there are a lot of money still coming into the space. You don't want to be fudded out right now.

[00:08:11]All right, that's it. Hey, I want to give you guys a glimpse into something else I'm working on for Clash. This is called Clash Worlds. Just want to give you a glimpse of this. I'm not going to go into detail what it is, but something I've been working very hard over the weekend, and I think you guys will love it when it comes out. All right, that's it. I'll see you guys tomorrow. Have a good one. Take care. Bye-bye.