{"id":98304,"date":"2026-06-04T11:48:16","date_gmt":"2026-06-04T11:48:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=98304"},"modified":"2026-06-04T11:48:16","modified_gmt":"2026-06-04T11:48:16","slug":"bitcoin-implodes-15-in-1-week-to-62000-what-is-going-on-with-btc","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=98304","title":{"rendered":"Bitcoin Implodes 15% In 1 Week To $62,000: What Is Going On With BTC?"},"content":{"rendered":"<div>\n<p><strong>Bitcoin&#8217;s<\/strong> <a class=\"ticker-link\" data-ticker=\"BTC\" data-exchange=\"CRYPTO\" href=\"https:\/\/www.benzinga.com\/quote\/BTC-USD\" target=\"_blank\" rel=\"noopener\">(CRYPTO: <\/a><a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) has imploded 15% over the past week, plunging below $62,000 in early morning hours Thursday.<\/p>\n<p>Yet, macro investor <strong>Raoul Pal<\/strong> says this is not the start of a bear market but rather another painful correction within a broader bull cycle.<\/p>\n<h2 class=\"wp-block-heading\"><strong>&#8220;Nasty Correction In A Bull Market&#8221;<\/strong><\/h2>\n<p>Speaking on the &#8220;When Shift Happens&#8221; podcast the previous week, Pal <a href=\"https:\/\/www.youtube.com\/watch?v=ZpYRT7EDF5E\">argued<\/a> that Bitcoin has historically experienced multiple 50% drawdowns during bull markets and that the current weakness is following a familiar pattern.<\/p>\n<p>&#8220;It\u2019s a nasty correction in a bull market,&#8221; Pal said.<\/p>\n<p>The investor pointed to past examples where assets like Bitcoin, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/26\/06\/52995718\/bitcoin-implodes-15-in-1-week-to-62000-what-is-going-on-with-btc?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Bitcoin\" implodes in week to what is going on with btc>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s (CRYPTO: BTC) has imploded 15% over the past week, plunging below $62,000 in early morning hours Thursday. Yet, macro investor Raoul Pal says this is not the start of a bear market but rather another painful correction within a broader bull cycle. &#8220;Nasty Correction In A Bull Market&#8221; Speaking on the &#8220;When Shift Happens&#8221; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-98304","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98304","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=98304"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/98304\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=98304"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=98304"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=98304"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}