BITCOIN FALLS TO US$76K AND LIQUIDATIONS EXCEED US$1 BILLION
$BTC fell about 5.5% over the past 24 hours, giving back its previous gains and returning to the US$76K range. $ETH and $SOL also posted losses of nearly 7%.
The pressure came from heavy selling in US technology and artificial intelligence stocks. The Nasdaq fell more than 5% at one point during the trading session, increasing risk aversion.
The decline was intensified by leverage: more than US$1 billion in positions were liquidated, mainly long bets.
OTHER HIGHLIGHTS
- Mercado Bitcoin begins a gradual resumption of services via its website on November 9.
- French bank Crédit Mutuel Arkéa confirmed a diversion of approximately US$112.6 million, later converted into crypto assets.
- Coinbase says it keeps more than 99% of customer assets in offline storage (cold storage).
MARKET OUTLOOK
The episode highlights Bitcoin’s sensitivity to global liquidity. The pressure started outside the crypto market and was amplified by deleveraging.
This was not just a price correction, but a move to reduce exposure to risk.
Are we seeing a short-term correction or a more profound shift in risk appetite?
#Bitcoin #Cripto #Ethereum #solana #ReschResearch
$BTC fell about 5.5% over the past 24 hours, giving back its previous gains and returning to the US$76K range. $ETH and $SOL also posted losses of nearly 7%.
The pressure came from heavy selling in US technology and artificial intelligence stocks. The Nasdaq fell more than 5% at one point during the trading session, increasing risk aversion.
The decline was intensified by leverage: more than US$1 billion in positions were liquidated, mainly long bets.
OTHER HIGHLIGHTS
- Mercado Bitcoin begins a gradual resumption of services via its website on November 9.
- French bank Crédit Mutuel Arkéa confirmed a diversion of approximately US$112.6 million, later converted into crypto assets.
- Coinbase says it keeps more than 99% of customer assets in offline storage (cold storage).
MARKET OUTLOOK
The episode highlights Bitcoin’s sensitivity to global liquidity. The pressure started outside the crypto market and was amplified by deleveraging.
This was not just a price correction, but a move to reduce exposure to risk.
Are we seeing a short-term correction or a more profound shift in risk appetite?
#Bitcoin #Cripto #Ethereum #solana #ReschResearch
