Bitcoin stocks divergence returns as BTC dips to $66K while oil drops under $78
Bitcoin slipped back to about $66,000 after the U.S. market open even as stocks extended gains. Equities rose on hopes of a U.S.-Iran peace deal, while oil fell to three-month lows, boosting risk sentiment. Still, Bitcoin lagged broader risk assets and traders saw limited upside in the near term. Some analysts said BTC has moved back into a broad range and may trade sideways for weeks, especially with summer liquidity thinning. Others pointed to $70,000 as a likely local top or bounce target. A contrasting view suggested market makers may have lured traders into expecting deeper downside, with one trader calling it a “classic market psyop.” About $230 million in crypto shorts were liquidated over 24 hours, while some traders still eyed downside liquidity below $63,600 if price first pushes higher.
