Popular Trader Explains Why Bitcoin Is Still Falling Despite Shutdown Ending
Bitcoin fell 2.1% over the past 24 hours at a time many expected a rebound after the US government shutdown began to wind down. A popular crypto trader said the pullback reflects more than political headlines: elevated rates and a strong dollar, thin post-event liquidity, and crowded long positions left markets vulnerable to continued selling. On-chain indicators and futures funding rates suggest traders are de-risking rather than re-entering aggressively.
The trader warned this dynamic could keep pressure on both BTC and ETH until clearer liquidity and flow signals appear, such as renewed ETF-related demand or a shift in macro risk appetite. For traders and holders, the takeaway is to watch funding rates, futures open interest, and dollar strength—short-term volatility may persist even when headline risks fade, making position sizing and risk controls critical.