Uncle Bê swept down to $80K4 last night, and the whole market burned down to $1.2B in 24h
Last night, Uncle Bê kept everyone up again by sweeping down to $80K4, and this morning it has already rebounded to nearly $82K. The whole market burned down to $1.2B in 24h, with the Long side accounting for 89%.
As of now, BTC has had 4 consecutive red daily candles. A series of hot altcoins have cooled off after the strong rally:
• $NEAR -16%
• $ZEC and $ZRO -12%, $UNI -10%
• $ADA, $ARB and $SUI all -9%
U.S. stocks continued to fall, with the Nasdaq losing more than 1% as AI names were heavily sold off because OpenAI’s annualized revenue disappointed at only $50B, below the previously reported $68B.
Gold has remained on the sidelines since the beginning of the month, holding in the $4K1 range.
On the war front, oil fell 2% after Trump flipped again and said the U.S. would not attack Iran before the midterm elections, while the two sides are having positive discussions.