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Markets dumped into the US open, Bitcoin fell through $85k, gold slipped too
At 09:30 EST the tape changed in a way traders can feel in their stomach, the kind of flip where you stop looking for clever explanations and start checking how much margin you actually have.
Bitcoin rolled over, then it dropped, then it started moving in chunks. On one screen, the S&P 500 e-mini was sliding, the dollar was firming, oil was ripping higher, and the so called safety metals were getting hit at the same time. A…
