🗳️ U.S. MIDTERM ELECTIONS TODAY, BITCOIN HOLDS AROUND $77,000
🗳️ Election day coincides with Bitcoin’s recovery
Bitcoin traded around $77,094 on the morning of Nov. 4, after recovering from the $76,000 range, as U.S. voters headed to the polls for the midterm elections.
💸 A brief drop below $77,000 triggers heavy liquidations
When Bitcoin briefly fell below $77,000, more than $100 million in long positions were liquidated in just one hour, showing that leverage remains high around this price level.
📉 ETF outflows continue
Bitcoin ETFs recorded $610 million in net outflows on Nov. 2, as selling pressure continued ahead of the election.
🌤️ The market is awaiting the election results for its next direction. Some optimistic forecasts suggest Bitcoin could reach $90,000 by year-end, but that remains a forecast, not a confirmed outcome.
$BTC $ZEC $HYPE
🗳️ Election day coincides with Bitcoin’s recovery
Bitcoin traded around $77,094 on the morning of Nov. 4, after recovering from the $76,000 range, as U.S. voters headed to the polls for the midterm elections.
💸 A brief drop below $77,000 triggers heavy liquidations
When Bitcoin briefly fell below $77,000, more than $100 million in long positions were liquidated in just one hour, showing that leverage remains high around this price level.
📉 ETF outflows continue
Bitcoin ETFs recorded $610 million in net outflows on Nov. 2, as selling pressure continued ahead of the election.
🌤️ The market is awaiting the election results for its next direction. Some optimistic forecasts suggest Bitcoin could reach $90,000 by year-end, but that remains a forecast, not a confirmed outcome.
$BTC $ZEC $HYPE
