10:20 That wick was brutal. $ETH 10 minutes, from 2418 down to 2318, -4.1%. Binance ETH futures open interest plunged by over $300 million in one go—basically, the bulls got wiped out. $BTC also broke below the 81k level I mentioned this morning, hitting a low of 80226.
Honestly, I haven’t seen any major new bearish news. It’s just the CPI aftershocks and way too much leverage. Funding rates are still around zero, nowhere near panic-level negative, so I’m not rushing to buy the dip. I’ll wait for tonight’s PPI release.
(Not investment advice.)
If you found this morning’s 81k warning useful, give me a follow. I’ll be back with another recap tonight. #ETH #BTC #CPI
Honestly, I haven’t seen any major new bearish news. It’s just the CPI aftershocks and way too much leverage. Funding rates are still around zero, nowhere near panic-level negative, so I’m not rushing to buy the dip. I’ll wait for tonight’s PPI release.
(Not investment advice.)
If you found this morning’s 81k warning useful, give me a follow. I’ll be back with another recap tonight. #ETH #BTC #CPI