Six hours, $1B in liquidations, and $BTC now trades below Strategy's own average cost.
⚠️ About $913M of the wipeout hit longs, roughly 9 of every 10 dollars.
The story: a Nvidia board probe and stalled US-Iran talks knocked risk assets late Sunday. Thin weekend books did the rest, and BTC tagged ~$73,500, its lowest since August.
Spot BTC ETFs had already shed $1.28B last week.
$BTC $74,800 (−1.3%) · $ETH $2,138 (−4.3%)
Lines in the sand:
🟢 $73,150 (200-day average). Lose it and $70K opens.
🔴 $75,700 (short-term holder cost). Reclaim it and the flush looks done.
On my radar:
▲ $QNT +1.1%, green while the top 100 bleeds
▼ $HYPE −3.6%, down 15% on the week
▼ $TIA −5.6%, among the worst large caps
$1B of longs just got wiped. What was that for $BTC?
• The bottom: leverage is cleared
• A pause: chop until CPI
• Round one: $70K is next
Coming up: US CPI, Tue Nov 10,
Which comes first for $BTC: $77K or $73K? 👇
Market overview, not investment advice.