BTC slipped below $19K for the fifth straight daily price decline. Stocks headed for their worst first half since the 1970s as a consumer spending slowdown stokes fresh recession concerns.
Bitcoin's price fell for a third straight day, and a rally in Chainlink's LINK token faded – as crypto industry recriminations kept coming and stocks slumped.
It's hard to imagine that data showing traders piling into a trade designed to profit from further bitcoin price declines might be bullish, but that's how some analysts are interpreting the signal.