Why Did Bitcoin Dump After Trump’s Bullish Executive Order?
Trump just signed an executive order for Bitcoin strategic reserves, a massive milestone for crypto. But instead of skyrocketing, the market dumped. Confused? Here’s why:
Buy the Rumor, Sell the News
Smart money moves before the headlines hit. Traders have been accumulating Bitcoin ever since Trump started hinting at pro-crypto policies during his campaign. The closer we got to the actual announcement, the more the price had already priced it in. So when the order finally dropped—boom—profit-taking kicked in.
Market Expectations Were Already Sky-High
This wasn’t a surprise. Trump had been teasing pro-Bitcoin moves for months, and last week’s post added even more fuel. By the time the order became official, expectations were already maxed out. If the market already “priced in” the bullish news, there’s only one way to go: down.
Big Picture: This Is Still HUGE for Bitcoin
Short-term volatility aside, the U.S. backing Bitcoin is a massive long-term win. It legitimizes BTC on a global scale, signals institutional confidence, and could pave the way for further adoption. So while traders are playing their short-term games, long-term holders know what’s up.
Don’t get shaken out—Bitcoin’s future just got even brighter.