$BTC just lost $70,000 and is trading near $68,900 right now, down about 6.6% in 24h on Binance. The low so far is $68,528, the lowest print since Aug 19.
Per CoinGlass data cited by Wu Blockchain, about $622M got liquidated in four hours, and Lookonchain tracked four whales wiped out for $10M+ each. Fear & Greed sits at 20, Extreme Fear.
What bugs me: roughly 76% of Binance BTC futures accounts are still long. That doesn't look like a full flush yet.
Yesterday I said a close under $72,700 would bring $71,000 and then $70,000. That played out.
My view through Sunday Nov 15: a daily close back above $71,100 opens a relief move toward $72,700 again. A daily close under $68,500 likely means $66,000 comes next, with the Aug 19 wick near $64,200 below that. Bearish lean, and I'm wrong if BTC closes a day above $72,700 this week.
#BTC #CryptoMarket #Liquidations Not financial advice.
Per CoinGlass data cited by Wu Blockchain, about $622M got liquidated in four hours, and Lookonchain tracked four whales wiped out for $10M+ each. Fear & Greed sits at 20, Extreme Fear.
What bugs me: roughly 76% of Binance BTC futures accounts are still long. That doesn't look like a full flush yet.
Yesterday I said a close under $72,700 would bring $71,000 and then $70,000. That played out.
My view through Sunday Nov 15: a daily close back above $71,100 opens a relief move toward $72,700 again. A daily close under $68,500 likely means $66,000 comes next, with the Aug 19 wick near $64,200 below that. Bearish lean, and I'm wrong if BTC closes a day above $72,700 this week.
#BTC #CryptoMarket #Liquidations Not financial advice.
