In recent times, the crypto market, particularly Bitcoin, has faced notable selling pressure, indicating the volatility of market sentiment. Within the last 30 minutes, Bitcoin’s price has significantly dropped by over $1,000, while Ethereum also experienced a 3% loss, marking its consecutive decline since the launch of US spot ETFs. This series of market dynamics has instilled a cautious approach towards NASDAQ indices and other risk assets trading. Analyst Adam Button emphasizes that given Bitcoin’s significant predictive power in gauging market sentiment, investors should closely monitor this key indicator. Amidst the current market conditions, market participants are reminded to be vigilant about the potential for risks driven by sentiment to spill over into broader financial sectors.