🚨 Markets are plunging across the board! Bitcoin falls below $66,000, hitting its lowest level since August
Markets continued to slide over the weekend as panic spread:
📉 Market snapshot (24h)
• $BTC: $65,961, -4.2%
• $ETH: $1,843, -4.8%
• BNB: $591, -6.7%
• SOL: $72.79, -8.8%
💥 Liquidation wave: On November 13, the day Bitcoin fell below $69,000, around $1.41 billion in positions were liquidated across the crypto market in 24 hours. About 89% were long positions, and more than 170,000 traders were liquidated.
🏦 Institutional investors are pulling back too: U.S. spot Bitcoin ETFs have seen net outflows for five consecutive trading days, totaling around $1.44 billion.
😨 Sentiment indicator: The Fear & Greed Index fell to 20, entering the “Extreme Fear” zone for the first time since July.
📌 What’s behind the sell-off: Tech stocks were rattled by reports that Nvidia CEO Jensen Huang had resigned; Fed officials signaled possible rate hikes; and Strategy was removed from the MSCI index. These bearish factors combined to weigh on risk assets.
Bitcoin has now fallen below support at the 200-week moving average near $69,600. The next key level to watch is whether it can hold the $65,000 mark.
#比特币 #加密货币 #BTC #Market Update
Do you think panic is nearing a bottom, or is this just a pause in the downtrend? Share your thoughts in the comments 👇
⚠️ Just my personal opinion. DYOR and be aware of the risks.
Markets continued to slide over the weekend as panic spread:
📉 Market snapshot (24h)
• $BTC: $65,961, -4.2%
• $ETH: $1,843, -4.8%
• BNB: $591, -6.7%
• SOL: $72.79, -8.8%
💥 Liquidation wave: On November 13, the day Bitcoin fell below $69,000, around $1.41 billion in positions were liquidated across the crypto market in 24 hours. About 89% were long positions, and more than 170,000 traders were liquidated.
🏦 Institutional investors are pulling back too: U.S. spot Bitcoin ETFs have seen net outflows for five consecutive trading days, totaling around $1.44 billion.
😨 Sentiment indicator: The Fear & Greed Index fell to 20, entering the “Extreme Fear” zone for the first time since July.
📌 What’s behind the sell-off: Tech stocks were rattled by reports that Nvidia CEO Jensen Huang had resigned; Fed officials signaled possible rate hikes; and Strategy was removed from the MSCI index. These bearish factors combined to weigh on risk assets.
Bitcoin has now fallen below support at the 200-week moving average near $69,600. The next key level to watch is whether it can hold the $65,000 mark.
#比特币 #加密货币 #BTC #Market Update
Do you think panic is nearing a bottom, or is this just a pause in the downtrend? Share your thoughts in the comments 👇
⚠️ Just my personal opinion. DYOR and be aware of the risks.