Why Did Bitcoin Crash? Sina and Zi break it all down in this week’s Bitcoin Analysis—covering macro trends, on-chain data, and derivatives to explain what’s really happening in the market.---Schedule a personalized demo with 21st Capital and let us show you how to secure your Bitcoin for the future:https://21stcapital.com/youtube---Join the Bitcoin Intelligence Waiting List: https://21stcapital.com/waitlist-bi/---00:00 - Introduction02:04 - Bitcoin Intelligence Announcement03:51 - Bitcoin's 27% Price Drop06:04 - Impact of Trump's Tariffs on Markets09:47 - Trump-Zelensky Dispute and Its Economic Implications10:21 - Signs of a Global Economic Downturn13:40 - Macroeconomic Factors Behind the Recent Bitcoin Crash16:46 - Bitcoin Valuation Models: Power Law, Quantile Model & VPLI23:09 - On-Chain Analysis of Bitcoin's Decline25:05 - Understanding the US Treasuries Yield Curve and Portfolio De-Risking26:07 - Bybit Hack's Impact on the Crypto Market: An On-Chain Perspective42:28 - Bitcoin Relative Long/Short-Term Holder Realized Profit/Loss47:18 - Distribution of Bitcoin's Cost Basis53:43 - Determining Bitcoin's True Market Mean01:06:07 - Bitcoin Liquidation Heatmap Overview01:08:31 - Insights into Bitcoin's Perpetual Funding Rate & Futures Open Interest01:12:38 - Strategies to Profit from the Recent Bitcoin Crash---Follow Zi on X: https://x.com/cryptovizartFollow Sina on X: https://x.com/Sina_21st