Bitcoin’s latest bout of selling has a different feel. Instead of the usual crypto stress signals, panic from small investors, a wave of forced liquidations, or miners dumping coins to pay bills, this time the pressure looks more like portfolio housekeeping by institutions. As US rate expectations swing and cross‑asset volatility climbs, professional allocators are cutting risk broadly. In this scenario, Bitcoin is being treated less like a stand‑alone “crypto story” and more like a macro trade that gets trimmed when markets turn defensive. Several analysts argue that the “unexpected source” of selling is ... (full story)