📰 Crypto Morning Brief | 10.18
Morning.
BTC is hovering around $81,000, moving back and forth. It’s currently around $81,300–$81,600. ETH is fluctuating near $2,400.
Over the past 24 hours, total liquidations across the market were roughly $220–$330 million, with long positions accounting for most of them—around 60–70%.
BTC spot ETFs have seen continued outflows recently, totaling around $82 million. ETH ETFs have also seen outflows.
The Fear & Greed Index has fallen to around 55, but remains in the greed zone.
Tom Lee’s view is that crypto and chip stocks have fallen to support levels. If fundamentals hold steady, a rally could happen at any time.
For now, the market is still digesting the hotter-than-expected CPI and PPI figures, as well as the aftershocks of the sell-off in AI stocks. The $81,000 level is an important support.
Morning.
BTC is hovering around $81,000, moving back and forth. It’s currently around $81,300–$81,600. ETH is fluctuating near $2,400.
Over the past 24 hours, total liquidations across the market were roughly $220–$330 million, with long positions accounting for most of them—around 60–70%.
BTC spot ETFs have seen continued outflows recently, totaling around $82 million. ETH ETFs have also seen outflows.
The Fear & Greed Index has fallen to around 55, but remains in the greed zone.
Tom Lee’s view is that crypto and chip stocks have fallen to support levels. If fundamentals hold steady, a rally could happen at any time.
For now, the market is still digesting the hotter-than-expected CPI and PPI figures, as well as the aftershocks of the sell-off in AI stocks. The $81,000 level is an important support.