🚨 Bitcoin plunged from $81,105 to $75,468, wiping out its post-election rally overnight
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The November 4 high of $81,105 was still in sight, but by 10:55 a.m. ET on November 5, Bitcoin had hit an intraday low of $75,468 on Bitstamp. That’s a drop of about 6.22% from the high.
The move was swift and decisive: selling pressure surged after 9:30 a.m., with a string of red candles on rising volume. The key levels of $79,000, $78,000, and $77,000 were all breached in quick succession.
📉 The trigger wasn’t in crypto, but in chip stocks. Qualcomm fell about 10% premarket after reporting weaker-than-expected mobile chip sales; Nvidia and Intel were also under pressure. The Nasdaq opened down 0.7%, the S&P 500 fell 0.2%, while the Dow actually rose 0.6%—investors aren’t fleeing, they’re rotating.
🔸 The timeline is even more telling: On November 3, Democrats won both chambers in the midterm elections, lifting risk appetite and sending Bitcoin from $75,618 back to $81,105. That “political certainty premium” lasted just one trading day.
🧩 Bitcoin is increasingly being priced like a high-beta tech stock: whenever the market gets uncertain, it gets sold off alongside speculative tech assets. The article itself acknowledges that this drop alone isn’t enough to pinpoint the exact cause, but the synchronized move has already revealed where investors stand.
💡 What really matters isn’t the $75,000 level, but that Bitcoin’s marginal buyers are no longer on-chain—they’re tied to risk appetite in U.S. stocks. When the Nasdaq sneezes, Bitcoin catches a cold first.
⚠️ Watch the $75,600–$76,000 range next: the article identifies this as a support zone. Holding it would count as a retest; breaking below it would signal another leg of the move.
📌 One question to consider: Is your position betting on the halving narrative, or on the Nasdaq’s next rebound?
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#比特币 #BTC #U.S. stocks
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The November 4 high of $81,105 was still in sight, but by 10:55 a.m. ET on November 5, Bitcoin had hit an intraday low of $75,468 on Bitstamp. That’s a drop of about 6.22% from the high.
The move was swift and decisive: selling pressure surged after 9:30 a.m., with a string of red candles on rising volume. The key levels of $79,000, $78,000, and $77,000 were all breached in quick succession.
📉 The trigger wasn’t in crypto, but in chip stocks. Qualcomm fell about 10% premarket after reporting weaker-than-expected mobile chip sales; Nvidia and Intel were also under pressure. The Nasdaq opened down 0.7%, the S&P 500 fell 0.2%, while the Dow actually rose 0.6%—investors aren’t fleeing, they’re rotating.
🔸 The timeline is even more telling: On November 3, Democrats won both chambers in the midterm elections, lifting risk appetite and sending Bitcoin from $75,618 back to $81,105. That “political certainty premium” lasted just one trading day.
🧩 Bitcoin is increasingly being priced like a high-beta tech stock: whenever the market gets uncertain, it gets sold off alongside speculative tech assets. The article itself acknowledges that this drop alone isn’t enough to pinpoint the exact cause, but the synchronized move has already revealed where investors stand.
💡 What really matters isn’t the $75,000 level, but that Bitcoin’s marginal buyers are no longer on-chain—they’re tied to risk appetite in U.S. stocks. When the Nasdaq sneezes, Bitcoin catches a cold first.
⚠️ Watch the $75,600–$76,000 range next: the article identifies this as a support zone. Holding it would count as a retest; breaking below it would signal another leg of the move.
📌 One question to consider: Is your position betting on the halving narrative, or on the Nasdaq’s next rebound?
Tap the profile picture to watch the livestream
+ Join my fan group for daily strategies 🚀
#比特币 #BTC #U.S. stocks
