Bitcoin Breaks 200-Week Moving Average for First Time Since 2022 as Jobs Report Reprices Fed Cuts

- Bitcoin just violated its 200-week moving average, the financial equivalent of a structural integrity failure. We’re talking below $61k, a level unseen since the 2022 bear market nadir. The culprit? A blowout May payrolls report that politely told the Fed to shove its rate cuts. This macro reality check triggered a $1.2 billion options wall at $60k and a 17% weekly bleed. While moonboys panic-sell their bags, the market is reminding us that non-farm payrolls still hold more power than your HODLing conviction. It’s not a crash; it’s a reality audit. If you thought the Fed was printing money for you, you’re about to learn how much you actually owe them. Stay liquid, stay skeptical, and stop blaming the chart when the economy is the one doing the heavy lifting.