📉 Everything sold off. Even the Safe Havens

$3 Trillion erased in an hour: Bitcoin, gold & stocks plunge

If it seemed as if everything was crashing down around him at once, that’s because it was.

In less than an hour on Tuesday, more than $3 trillion of value disappeared from global markets. Bitcoin went sub $82K, gold and silver plummeted, the S&P 500 took a $1 trillion punch to the gut. Even “safe havens” weren’t safe.

This wasn’t just a normal pullback: this was a thoroughgoing liquidation event.

Here’s what cracked:

• Bitcoin: 82,000 down the lowest in over 2 months

• Gold: Depreciated by ~4% to $5,180 following a recent ATHs

• Silver: Fell about 6% to $109, following a vertical rally

• S&P 500: -2%Losses have topped $1 trillion of market value.

• Microsoft: Down 10 percent, its worst one-day percentage decline since March 2020

All this in under an hour. So what happened?

Behind the bloodbath

Here’s what it breaks down to:

• Macro hit the brakes: No rate cuts, stubbornly persistent inflation fears and a hawkish Fed spooked everyone. Risk assets go first when liquidity dries up. That includes crypto and even … gold?

• Futures close BTC leads the sell-off, well over $1.7B worth of it with a series of cascading liqs from flattening out below key supports and margin called > 8x longs.

• Profit-taking at the top: Gold and silver had been going vertical for weeks. When the rally petered out, the big players took their profits and ran, knocking metals sharply lower.

• Microsoft’s crash didn’t help: The tech behemoth lost $357B in value. That’s larger than the total market cap of Ethereum. Investors noticed, freaked out and sold everything.

What this means

It’s not about any one asset, when Bitcoin, gold and the S&P all tanks at once. It’s a matter of liquidity, or a shortage thereof. This was a “sell everything” point. Institutions raised cash. Algos chased red candles.

Retail was the collateral damage.

TL;DR: This was not a crypto crash. This was a margin call for the world.

What now?

BTC is lurking around $82K Lose that and you’ve got $75K on the boards.

Gold’s still up big YoY but short-term pain might carry-on.

Silver is getting cool quickly: which is precisely what happens when raging retail bets come unwound.

Stocks seem like they teeter on fragile legs and their big tech components most of all.

Now, everyone has their eyes on the Fed. No rate cuts = more pain.

Binance to convert $1B of reserves into Bitcoin.

Yep, the biggest crypto exchange in the world just revealed it’s switching up its entire $1 billion SAFU fund (which was parked in stablecoins) into BTC over a 30-day period.

Why it matters:

This is not merely a reshuffle of the treasury. It’s a signal. In a shivering macro market when others are seeking shelter in stables or dollars, Binance is doubling down on Bitcoin as the backbone of industry.

The SAFU fund was launched in 2018 to act as an emergency user protection reserve. Now, if BTC tanks and the fund goes below $800M, Binance suggests that it will pump it right back up: in Bitcoin. No hedging. No Tether. Just trust in BTC.

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