WHY IS BITCOIN UNDER PRESSURE? DEUTSCHE BANK EXPLAINS Bitcoin just had its worst week since February, down over 30% from last month’s peak. Deutsche Bank analysts point to five main reasons: 1 - Risk-off mood in markets – Bitcoin is moving like a high-growth tech stock (strongly correlated with the Nasdaq-100) rather than an independent “store of value.” 2 - Hawkish Fed signals – Jerome Powell warned a December rate cut isn’t guaranteed (though NY Fed’s John Williams later softened the tone). 3 - Stalling crypto regulation – Progress on the Digital Asset Market Clarity Act in the Senate has slowed. 4 - Institutional outflows – Big investors are pulling money out. 5 - Long-term holders taking profits – Early holders are cashing in gains. Bitcoin was trading near 86,000 Monday morning after a small weekend rebound, having closed around 84,535 on Friday.(*Walter Bloomberg)