title: Bitcoin BTC/USD Is Down 14% over the Past Seven Days

Bitcoin BTC/USD is down 14% over the past seven days, prompting experts to debate about the role receding liquidity is playing in this correction.

Bitcoin BTC/USD has declined by 14% over the past seven days, prompting experts to discuss the role of receding liquidity in this correction.

According to a detailed thread on X by UnlimitedFnds Chief Investment Officer Bob Elliott, the post-election crypto rally is winding down, with many assets completing full round trips from their highs.

Bitcoin has dropped 20% from its post-election peak, indicating weakness across crypto markets.

Bitcoin has dropped 20% from its post-election peak, indicating weakness across crypto markets.

Cryptocurrency Prices Today

Campione: "We’re tracking a 20% pullback in BTC from the post-election high, which also coincides with a 20% pullback in ETH from its post-election high (and new all-time high). In aggregate, over the past seven days, we’re seeing weakness across the board in crypto markets."

Elliott highlighted that several assets have fully reversed their recent gains.

* Ethereum ETH/USD and Solana SOL/USD have erased their post-election gains, signaling broader market-wide risk aversion.

* Crypto-related equities, including Strategy MSTR, have fully reversed their recent gains.

* Even speculative assets are struggling—meme coin Fartcoin FARTCOIN/USD lost momentum, and Trump-themed cryptocurrencies have cooled off from their highs.

Why It's Important: Elliott views crypto's downturn as an early warning sign of broader liquidity withdrawal.

As explained by Elliott, crypto benefits first from excess liquidity, making it a leading indicator for risk assets.

"If anything, I would say that crypto is the first to benefit from excess liquidity and therefore also the first to suffer when liquidity starts to dry up. In essence, it’s a leading indicator for risk assets."

The current crypto weakness suggests that liquidity conditions are tightening ahead of 2025, which could lead to broader financial strain.

"If anything, I think we can say that, if anything, the crypto market is the first to benefit from excess liquidity and therefore also the first to suffer when liquidity starts to dry up. In essence, it’s a leading indicator for risk assets. If we’re thinking about a 2025 time frame for the Fed to begin cutting rates and if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if anything, if, if anything, if anything, if anything, if anything, if anything, if anything, if anything,