Only $5 MILLION of Bitcoin got liquidated in 24 hours. 𤍠The market just went silent. Here's why tonight matters đ
1ď¸âŁ The quietest day in weeks
⢠BTC liquidations: $5.2M (-91%)
⢠Total volume: -59%
⢠Open interest: -9%
Leverage has been flushed out. Moves this quiet rarely last.
2ď¸âŁ $BTC is frozen at $75.9K
Flat for the day, -1.4% on the week. Friday's low was near $74.8K. Bulls and bears are both waiting.
3ď¸âŁ Tonight's weekly close decides the next move
The weekly candle closes at 00:00 UTC:
⢠Close above $77.5K â bulls take back control
⢠Close below $75K â the door opens toward $70K
4ď¸âŁ Big money is still selling
Spot BTC ETFs saw about $870M in outflows in the first 4 sessions of November. That's the main reason every bounce has failed.
5ď¸âŁ Altcoins bled quietly
⢠$ENA -6.7%
⢠$BCH -5.7%
⢠$STRK -5.3%
⢠$ZEC -3.7% (cooling off after its run to $1,388)
Only a few stayed green: $ARB +1.4%, $UNI +0.8%, $XRP +0.7%.
đ¨ Fear & Greed: 32 (Fear)
đ Next big macro date: Fed meeting Dec 8â9 (markets are pricing a possible HIKE)
My take: low volume + flushed leverage = a big move is loading. I'm not guessing the direction. I'm waiting for the weekly close and trading the reaction.
Weekly close: above $77.5K or below $75K? Vote below đ
#CryptoNews #Bitcoin #Altcoins! #WeeklyClose #CryptoMarkets
Not financial advice. DYOR.
1ď¸âŁ The quietest day in weeks
⢠BTC liquidations: $5.2M (-91%)
⢠Total volume: -59%
⢠Open interest: -9%
Leverage has been flushed out. Moves this quiet rarely last.
2ď¸âŁ $BTC is frozen at $75.9K
Flat for the day, -1.4% on the week. Friday's low was near $74.8K. Bulls and bears are both waiting.
3ď¸âŁ Tonight's weekly close decides the next move
The weekly candle closes at 00:00 UTC:
⢠Close above $77.5K â bulls take back control
⢠Close below $75K â the door opens toward $70K
4ď¸âŁ Big money is still selling
Spot BTC ETFs saw about $870M in outflows in the first 4 sessions of November. That's the main reason every bounce has failed.
5ď¸âŁ Altcoins bled quietly
⢠$ENA -6.7%
⢠$BCH -5.7%
⢠$STRK -5.3%
⢠$ZEC -3.7% (cooling off after its run to $1,388)
Only a few stayed green: $ARB +1.4%, $UNI +0.8%, $XRP +0.7%.
đ¨ Fear & Greed: 32 (Fear)
đ Next big macro date: Fed meeting Dec 8â9 (markets are pricing a possible HIKE)
My take: low volume + flushed leverage = a big move is loading. I'm not guessing the direction. I'm waiting for the weekly close and trading the reaction.
Weekly close: above $77.5K or below $75K? Vote below đ
#CryptoNews #Bitcoin #Altcoins! #WeeklyClose #CryptoMarkets
Not financial advice. DYOR.
