Bitcoin Pulled Back — But the Macro Case Remains Strong

November 5, 2025

Bitcoin just corrected… but the setup for a potential rally into year-end is still very much intact. In this quick 2½-minute walkthrough, we break down why the same forces powering equities and gold may soon rotate into Bitcoin.

Breakdown

0:00 — Bitcoin pullback ≠ broken trend

0:15 — Market snapshot: S&P, Gold, BTC YTD

0:35 — The rate-cut playbook — why non-recession cuts matter

0:55 — Liquidity turning up: gold reacted, Bitcoin lagged

1:15 — Mega-cap earnings + the AI capex wave

1:35 — $1 trillion in buybacks + under-positioned funds

1:55 — Bitcoin reset: leverage flushed, sentiment reset

2:15 — Year-end setup — if macro tailwinds hold

Bitcoin macro case remains strong:

• Markets remain firm: S&P ≈ +15% YTD, Gold ≈ +48%, Bitcoin ≈ +9% post-pullback

• Fed pivot + rising liquidity have historically been bullish for risk assets

• AI spending and mega-cap earnings continue to drive equity strength

• Buybacks nearing $1 trillion in 2025 create a structural bid for markets

• Bitcoin lagging gold and stocks positions it as a potential catch-up trade

The same liquidity and earnings dynamics that fueled equities and gold are still in play, and if history rhymes, Bitcoin could be next in line to benefit.