#bitcoinbelow69k
bitcoinbelow69k
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Bitcoin just lost $70,000 — and this time it was not a wick.
BTC fell to about $68,800, down ~6.6% in 24 hours, its lowest since August 20 (The Block). $1.47B in positions were liquidated in a day, and 175,299 traders were wiped out (CoinGlass).
Two triggers collided: Nvidia CEO Jensen Huang resigned after 33 years, and Fed rate-hike fears jumped after hot inflation data. Spot BTC ETFs have now bled ~$1.88B across 8 November sessions.
Fear & Greed sits at 20 — Extreme Fear. US PPI data lands today, and that decides the next move.
Takeaway: in Extreme Fear, leverage kills faster than price does. Watch the $70K reclaim vs $68K support — do not chase the dip with borrowed money.
Are you buying this dip, or waiting for $70K back?
#BitcoinBelow69K #Bitcoin #Crypto
Bitcoin just lost $70,000 — and this time it was not a wick.
BTC fell to about $68,800, down ~6.6% in 24 hours, its lowest since August 20 (The Block). $1.47B in positions were liquidated in a day, and 175,299 traders were wiped out (CoinGlass).
Two triggers collided: Nvidia CEO Jensen Huang resigned after 33 years, and Fed rate-hike fears jumped after hot inflation data. Spot BTC ETFs have now bled ~$1.88B across 8 November sessions.
Fear & Greed sits at 20 — Extreme Fear. US PPI data lands today, and that decides the next move.
Takeaway: in Extreme Fear, leverage kills faster than price does. Watch the $70K reclaim vs $68K support — do not chase the dip with borrowed money.
Are you buying this dip, or waiting for $70K back?
#BitcoinBelow69K #Bitcoin #Crypto
BTC fell to about $68,800, down ~6.6% in 24 hours, its lowest since August 20 (The Block). $1.47B in positions were liquidated in a day, and 175,299 traders were wiped out (CoinGlass).
Two triggers collided: Nvidia CEO Jensen Huang resigned after 33 years, and Fed rate-hike fears jumped after hot inflation data. Spot BTC ETFs have now bled ~$1.88B across 8 November sessions.
Fear & Greed sits at 20 — Extreme Fear. US PPI data lands today, and that decides the next move.
Takeaway: in Extreme Fear, leverage kills faster than price does. Watch the $70K reclaim vs $68K support — do not chase the dip with borrowed money.
Are you buying this dip, or waiting for $70K back?
#BitcoinBelow69K #Bitcoin #Crypto
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