💸 Wintermute reported that #BTC fell below $80,000, resulting in $2.55 billion in liquidations, marking the 10th largest in crypto history. The decline was influenced by weak Mag7 earnings, Kevin Warsh’s Fed chair nomination, and corrections in precious metals. While volatility indicates macro uncertainty and risk-off positioning, there is no structural collapse; infrastructure and institutional interest remain robust, with a recovery anticipated in H2 2026. #macro link