🚨 U.S. bond yields are at their HIGHEST level since 2002… and Bitcoin plunged $2,000 in 20 minutes 👀
When “safe” money pays more, risk is the first thing to get sold.
▪️ Bitcoin (~83,500): The 10-year yield hit 5.32%, its highest since 2002, with oil above $101. That fear wiped out ~$600M in leveraged bets in just 2 hours. Even so, Robinhood bought its first $25M in BTC: key support is 83,000.
▪️ Ethereum (~2,565): Down ~5%, the hardest-hit of the major coins, and saw the biggest liquidation of the day: a single order worth ~$26.6M. Support to watch: 2,500.
▪️ HYPE (~89): Down ~4% along with the market, but its co-founder announced options for hedging risk on the same platform. More products mean more fees, and those fees will go toward buying back HYPE.
▪️ FET (~0.227): Down ~8% and fell below 0.230. There’s no bad news about the project: it’s the broader market shake-up combined with profit-taking. Support zone: 0.225; a recovery to 0.24 would ease the blow.
▪️ AVAX (~11.20): Holding up better (−2%). More than $2,000M worth of grain from 12,000 warehouses in India will move to Avalanche to provide credit to millions of farmers: real-world tokenization.
The Fed minutes come out today: volatility isn’t over.
Would you buy this dip or wait for lower prices? 👇
#Bitcoin #ETH #HYPE #FET #AVAX
When “safe” money pays more, risk is the first thing to get sold.
▪️ Bitcoin (~83,500): The 10-year yield hit 5.32%, its highest since 2002, with oil above $101. That fear wiped out ~$600M in leveraged bets in just 2 hours. Even so, Robinhood bought its first $25M in BTC: key support is 83,000.
▪️ Ethereum (~2,565): Down ~5%, the hardest-hit of the major coins, and saw the biggest liquidation of the day: a single order worth ~$26.6M. Support to watch: 2,500.
▪️ HYPE (~89): Down ~4% along with the market, but its co-founder announced options for hedging risk on the same platform. More products mean more fees, and those fees will go toward buying back HYPE.
▪️ FET (~0.227): Down ~8% and fell below 0.230. There’s no bad news about the project: it’s the broader market shake-up combined with profit-taking. Support zone: 0.225; a recovery to 0.24 would ease the blow.
▪️ AVAX (~11.20): Holding up better (−2%). More than $2,000M worth of grain from 12,000 warehouses in India will move to Avalanche to provide credit to millions of farmers: real-world tokenization.
The Fed minutes come out today: volatility isn’t over.
Would you buy this dip or wait for lower prices? 👇
#Bitcoin #ETH #HYPE #FET #AVAX
