Wu Blockchain reports that Wintermute posted an update stating that BTC dropped below $80,000, triggering $2.55 billion in liquidations over the weekend, marking the 10th largest liquidation event in crypto history. Key drivers include disappointing earnings reports from Mag7 (especially Microsoft's report, which shook the AI narrative), Kevin Warsh's nomination as Federal Reserve Chair, and sharp corrections in the precious metals market (gold down 9%, silver plummeted 26% intraday, triggering a circuit breaker). Crypto assets performed the worst, with only the S&P 500 and crude oil recording positive returns. Wintermute noted that market volatility has returned, driven by macro uncertainties and position-related risk aversion; however, the current bear market is not a structural collapse. Infrastructure is stronger, institutional interest remains, and recovery is expected to be faster after conditions improve in the second half of 2026. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=56103