Bitcoin and Ether futures show bearish trends after Nasdaq futures drop 1.2%, signaling a post-event risk-off phase.
Bitcoin and Ether futures turned defensive early Tuesday, reflecting a broader sell-the-news sentiment following the Trump-Xi meeting. Nasdaq futures fell 1.2% ahead of the US premarket open, amplifying concerns over a shift to risk-off positioning in crypto markets.
The decline aligns with classic post-event profit-taking, as geopolitical tensions resurface and speculative capital rotates out of high-beta assets. South Korean stocks reversed record highs amid reports of escalating US-Iran frictions, adding to market jitters.
While short-term bearishness is evident, underlying support from tech liquidity narratives—including Bitcoin, Cerebras IPO speculation, and SpaceX hype—may limit deeper pullbacks. Traders appear to be retreating to key moving averages, awaiting clearer signals.