🔴 Top reasons for today’s decline $BTC :
✔️ Rising U.S. bond yields: The 10-year yield reached about 5.3%, increasing pressure on high-risk assets.
✔️ Fed tightening: The meeting minutes showed a likelihood of another rate hike before the end of the year.
✔️ Oil above $100: This raises inflation concerns and reduces chances of rate cuts.
✔️ Outflows from ETFs: About $485 million from $BTC ETFs and $161 million from $ETH
⚠️ Liquidation of Long positions: Breaking support levels led to forced liquidations worth hundreds of millions, intensifying the sell-off.
✔️ Rising U.S. bond yields: The 10-year yield reached about 5.3%, increasing pressure on high-risk assets.
✔️ Fed tightening: The meeting minutes showed a likelihood of another rate hike before the end of the year.
✔️ Oil above $100: This raises inflation concerns and reduces chances of rate cuts.
✔️ Outflows from ETFs: About $485 million from $BTC ETFs and $161 million from $ETH
⚠️ Liquidation of Long positions: Breaking support levels led to forced liquidations worth hundreds of millions, intensifying the sell-off.
