Bitcoin hit $60K — Why crypto is still risk-off [Video]

This is a follow-up to my previous crypto market analysis where I outlined why capital was leaving the market, risk was turning off, and Bitcoin was likely to move into the $60K liquidity zone. That level was reached. In this video, I break down what has actually changed — and what hasn’t — using on-chain data, market structure, and institutional positioning.

We cover:

• Crypto market cap behavior and what it says about spot capital
• Futures vs spot volume and why leverage is misleading
• Recent liquidations and why they were mechanical, not emotional
• US spot Bitcoin ETF net flows and institutional behavior
• Glassnode signals including BTC Sharpe and the altcoin cycle index
• Why this environment is stabilization, not accumulation

This analysis is for traders and investors who focus on fundamentals, market sentiment, and pure price action — including liquidity, supply and demand, and market structure. No predictions, no hype. Just positioning and risk management.

Until Bitcoin stabilizes and risk turns back on, altcoins remain downstream trades — not independent cycles. Bitcoin leads. Everything else follows.