Bitcoin gave back Wednesday's whole rally in ONE day.
BTC topped $80,000 on Wednesday, then crashed 5.4% to ~$75,979 on Thursday as the Nasdaq slid into correction territory, 10%+ below its October peak. ETH fell 7.4%, SOL 6.9%, and nearly $1B in leveraged positions were wiped out in 24 hours.
The trigger wasn't crypto. A post-midterm tech selloff dragged everything down — Bitcoin traded like a tech stock, not digital gold.
Today decides what's next: $2.65B in BTC options expire at 08:00 UTC (max pain $79,000) and the US jobs report lands the same day. Close below $75,600 breaks the election-night low; reclaim $77,700 and this was just a shakeout.
Lesson: leverage got punished twice this week — shorts on Wednesday, longs on Thursday. Size small or sit out.
Are you buying this dip or waiting for Friday's close?
#Bitcoin #BNB #Crypto
BTC topped $80,000 on Wednesday, then crashed 5.4% to ~$75,979 on Thursday as the Nasdaq slid into correction territory, 10%+ below its October peak. ETH fell 7.4%, SOL 6.9%, and nearly $1B in leveraged positions were wiped out in 24 hours.
The trigger wasn't crypto. A post-midterm tech selloff dragged everything down — Bitcoin traded like a tech stock, not digital gold.
Today decides what's next: $2.65B in BTC options expire at 08:00 UTC (max pain $79,000) and the US jobs report lands the same day. Close below $75,600 breaks the election-night low; reclaim $77,700 and this was just a shakeout.
Lesson: leverage got punished twice this week — shorts on Wednesday, longs on Thursday. Size small or sit out.
Are you buying this dip or waiting for Friday's close?
#Bitcoin #BNB #Crypto