Bitcoin just gave back the whole $80K reclaim in one session — down 5.1% to about $76,100, and it happened fast. I watched it slide from $80,500 overnight to a low near $75,568 while the Nasdaq dropped 3.9% and Nvidia and Broadcom each lost around 5%. This wasn't a crypto-only story — tech sold off hard after the midterms and crypto got dragged with it, and once $77K broke, about $370M of leveraged longs got wiped out in roughly an hour.
What I'm watching now: $75K is the line that held on election night and several times since August. If it gives way, $73K is the next real test. Today also brings a $2.65B BTC options expiry (max pain $79K) and the US jobs report at 8:30 AM ET, so volatility isn't done yet. One thing keeping me calm: spot BTC ETFs still took in $74.6M on Nov 4 — this looks like positioning and macro fear, not a structural exit.
I'm not panic-selling into this, but I'm not buying the dip blindly either — I want to see $75K hold first. Are you buying this dip, or waiting for $75K to prove itself? Not financial advice.
$BTC
What I'm watching now: $75K is the line that held on election night and several times since August. If it gives way, $73K is the next real test. Today also brings a $2.65B BTC options expiry (max pain $79K) and the US jobs report at 8:30 AM ET, so volatility isn't done yet. One thing keeping me calm: spot BTC ETFs still took in $74.6M on Nov 4 — this looks like positioning and macro fear, not a structural exit.
I'm not panic-selling into this, but I'm not buying the dip blindly either — I want to see $75K hold first. Are you buying this dip, or waiting for $75K to prove itself? Not financial advice.
$BTC
