Bitcoin’s $60,000 support is still a bet on the dollar breaking

- Glassnode confirms Bitcoin is in a "deep discount," which is analyst-speak for "everyone who bought the top is crying." Over 95% of short-term holders are underwater, and leverage has been flushed from the $64K–$70K zone. But let’s be real: BTC’s $60,000 support isn’t holding because of community spirit; it’s a bet on the US Dollar Index breaking below 99 or 10-year yields compressing. Right now, DXY is at 100.01 and yields are sticky. The dollar is winning, and spot demand is MIA. Until the Fed loosens the noose, this isn’t a dip—it’s a macro hostage situation. Keep your powder dry and your stop-losses tighter than your budget.