Live markets: bitcoin's plunge continues, putting February $60,000 low back in play
1 min readAnalysis by AlgoThesis Editorial Desk
Market Memory
What changed after the headline
The original read stays visible beside later evidence. Connections are editorial records, not ticker-only guesses.
Price since this story
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The story
Bitcoin is retesting its February $60,000 low as risk appetite rotates sharply into AI infrastructure plays — Alphabet's $80B equity raise (with Berkshire anchoring $10B) exemplifies the capital reallocation away from crypto and into large-cap AI capex. The setup creates a directional short on BTC proxies while GOOGL faces near-term dilution headwinds despite a strong fundamental AI narrative.
The two-sided take
The house read
Wrong ifA hold or bounce at BTC $60K triggers a sharp short-squeeze in COIN and MSTR; any positive macro catalyst (Fed pivot signal, ETF inflows) could reverse the rotation narrative quickly.
Published read · research, not advice