🚨 BREAKING:
#bitcoin Drops to 12-Week Low Below $69,000 Amid Rate Hike Fears! 📉🔥
A hotter-than-expected US inflation report (+0.4% MoM CPI) and aggressive institutional outflows have pushed $ BTC down to its lowest level in 12 weeks:
📊 Key Market Drivers:
🔹 Fed Rate Hike Surge:
Markets are now pricing in an ~89% probability of a 25 bps interest rate hike at the December 9 FOMC meeting.
🔹 Heavy #etf Outflows:
US Spot Bitcoin ETFs recorded ~$1.49B in net outflows across 5 consecutive sessions.
🔹 Leverage Flush:
Over $1.41B in crypto futures were liquidated in 24 hours (89% Longs), pushing the Fear & Greed Index down to 20 (Extreme Fear / Oversold).
💡 Bottom Line:
Macro headwinds and forced deleveraging are testing major market support levels.
#Bitcoin #BTC #CryptoNews #Inflation #FederalReserve #InterestRates #BitcoinETF #Liquidation #Web3
$BTC
$ETH
$LINK
#bitcoin Drops to 12-Week Low Below $69,000 Amid Rate Hike Fears! 📉🔥
A hotter-than-expected US inflation report (+0.4% MoM CPI) and aggressive institutional outflows have pushed $ BTC down to its lowest level in 12 weeks:
📊 Key Market Drivers:
🔹 Fed Rate Hike Surge:
Markets are now pricing in an ~89% probability of a 25 bps interest rate hike at the December 9 FOMC meeting.
🔹 Heavy #etf Outflows:
US Spot Bitcoin ETFs recorded ~$1.49B in net outflows across 5 consecutive sessions.
🔹 Leverage Flush:
Over $1.41B in crypto futures were liquidated in 24 hours (89% Longs), pushing the Fear & Greed Index down to 20 (Extreme Fear / Oversold).
💡 Bottom Line:
Macro headwinds and forced deleveraging are testing major market support levels.
#Bitcoin #BTC #CryptoNews #Inflation #FederalReserve #InterestRates #BitcoinETF #Liquidation #Web3
$BTC
$ETH
$LINK
