Shutdown Risk Spooks Markets
The bears are back in control. Bitcoin has slid toward 86k over the past few hours, and the market looks like it could be heading back to the 80.6k level we saw last autumn. If that doesn’t hold, the next major support sits around 74k, the local bottom during the tariff crash last April.
There are several reasons behind the current weakness, but the most obvious one is growing fear of another US government shutdown. The odds jumped from roughly 10% to over 70% earlier today on Polymarket, and a prolonged shutdown would be a clear negative for the US economy. Another simmering risk is rising interest rates in Japan, which could put serious pressure on the yen carry trade.
That said, we’ve got to stay strong while BTC remains weak. Personally, anything below 80k looks like an excellent buying opportunity to me, even the low 80s feel like solid levels to keep stacking sats. What do you think?