Bitcoin is acting like a risk asset while gold becomes the safe haven again. After tariffs sparked a liquidity shock and massive liquidations, crypto markets are facing a major capital rotation. Here’s what’s really happening — and why recovery may depend on global liquidity, not hype.

The crypto market is bleeding, Bitcoin is down over twenty-five percent, and fear is at extreme levels—but is this really the end of the 2025 bull run? Or is it a textbook shakeout before the next explosive move higher? In this breakdown, we analyze on-chain data, institutional activity, key support zones, and what the smart money is doing to reveal whether this crash signals danger… or opportunity.