66915. This 15-minute candle at 10:15 swept straight through yesterday's daytime low of 67568.
Around 8 o'clock, $BTC spot was still grinding around 68300 on light volume. Before 10:00, the low was only 68158. Then this candle plunged from 68241 to 66915 on roughly 1486 coins, just over $100 million in volume, before bouncing back to around 67828. The current price is about 67700, down roughly 3.6% over 24 hours, with the high and low now at 70329 / 66915. Total volume for the hour was around 2374 coins, a little over $160 million. That's less than the candle at 11 o'clock yesterday morning, but it took just 15 minutes to pull the rug out.
After the bounce, sell orders are relatively dense between 67700 and 67800; bids around 67000 are not particularly thick, with more noticeable buy orders around 66700. Yesterday's 67568 is now overhead.
$ETH has also broken below yesterday's 1895.95, hitting a low of 1878 and now trading around 1913; $BNB bottomed at 618.02, failing to hold yesterday's daytime low of 622.41, and is now around 626.
Farside's figures for US spot Bitcoin ETFs on Friday are not all in yet: IBIT is still not included. So far, the reported funds show net outflows of about $41.9 million, almost entirely from FBTC. Thursday's complete figures showed net outflows of $284.1 million, marking six consecutive days of outflows. We'll have to wait for IBIT's numbers before drawing any conclusions about Friday.
That 66915 wick came in fast. Do you think sellers will step in if it bounces back toward 67568, or will it consolidate here first? What do you think?
Around 8 o'clock, $BTC spot was still grinding around 68300 on light volume. Before 10:00, the low was only 68158. Then this candle plunged from 68241 to 66915 on roughly 1486 coins, just over $100 million in volume, before bouncing back to around 67828. The current price is about 67700, down roughly 3.6% over 24 hours, with the high and low now at 70329 / 66915. Total volume for the hour was around 2374 coins, a little over $160 million. That's less than the candle at 11 o'clock yesterday morning, but it took just 15 minutes to pull the rug out.
After the bounce, sell orders are relatively dense between 67700 and 67800; bids around 67000 are not particularly thick, with more noticeable buy orders around 66700. Yesterday's 67568 is now overhead.
$ETH has also broken below yesterday's 1895.95, hitting a low of 1878 and now trading around 1913; $BNB bottomed at 618.02, failing to hold yesterday's daytime low of 622.41, and is now around 626.
Farside's figures for US spot Bitcoin ETFs on Friday are not all in yet: IBIT is still not included. So far, the reported funds show net outflows of about $41.9 million, almost entirely from FBTC. Thursday's complete figures showed net outflows of $284.1 million, marking six consecutive days of outflows. We'll have to wait for IBIT's numbers before drawing any conclusions about Friday.
That 66915 wick came in fast. Do you think sellers will step in if it bounces back toward 67568, or will it consolidate here first? What do you think?