The move: Bitcoin fell from above $80.8K to near $75.1K, erasing its post-election rally. ETH dropped about 7%. Fear & Greed slid to 31, and total market cap is around $2.54T.
Why: A sharp Nasdaq selloff led by chip and AI stocks spread into crypto. Investors worry about tighter AI rules after the midterms. Then leverage did the rest: roughly $1B in liquidations, about 88% of them long positions. One analyst also points to hedge funds selling BTC to meet stock-market margin calls (a single-source claim).
Levels watched:
🔻 $75,000: it held on election night and several times since August
🔺 $77K and $78.5K are first resistance, then $80K
🔻 ETH: $2,250 first, then the $2,200 round level
Two views:
🐂 One analyst sees the structure as intact and calls $75K an obvious area for longs.
🐻 Spot ETFs lost about $1.16B in early November, and crypto is trading in step with tech stocks.
The lesson: Leverage amplifies losses on days like this. Keep position sizes small, and plan your exit before you enter.
Tap $BTC or $ETH for live charts. Will $75K hold? Reply 👇
1️⃣ Yes, we bounce
2️⃣ We retest and chop
3️⃣ Break below $75K
Disclosure: I may earn commissions from trades made through links or widgets in my posts (Binance Write to Earn / referral programs). This is analysis, not financial advice, and nothing here guarantees any outcome.