Breaks below 76,000: $370 million liquidated in one hour—this isn’t just a crypto story
24-hour range: 75,568–80,962, down about $5,400 in a day. The trigger came from U.S. stocks: Qualcomm fell 9–10% premarket, Nvidia dropped below 200, and Wall Street’s total market cap briefly shed about $3 trillion intraday. Fears of an AI bubble sent risk assets tumbling, and SOL also fell below $90.
What the bulls are saying: @TraderCIKE placed a limit order to go long at 72,222. The 72,000–73,000 range is a previous high-volume trading zone and a strong psychological support level; panic selling has created room for a rebound. 75,000 has held several times since August.
What the bears are saying: 81,000 was reclaimed, then lost again; both support levels at 79,400 and 76,500 broke in a single day. The 20-day moving average has crossed below the 50-day moving average. At 16:00, 33,135 Deribit options expire, with max pain at 79,000—well above the current price.
My take: My stance remains unchanged: no adding unless we reclaim 76,500. The next level to watch is 75,000—if it fails to hold at the close, the 200-day moving average at 73,163 is next. Nonfarm payrolls are due tonight at 20:30, and options expire at 16:00; volatility will only increase. Avoid placing heavy bets on direction ahead of the jobs report.
24-hour range: 75,568–80,962, down about $5,400 in a day. The trigger came from U.S. stocks: Qualcomm fell 9–10% premarket, Nvidia dropped below 200, and Wall Street’s total market cap briefly shed about $3 trillion intraday. Fears of an AI bubble sent risk assets tumbling, and SOL also fell below $90.
What the bulls are saying: @TraderCIKE placed a limit order to go long at 72,222. The 72,000–73,000 range is a previous high-volume trading zone and a strong psychological support level; panic selling has created room for a rebound. 75,000 has held several times since August.
What the bears are saying: 81,000 was reclaimed, then lost again; both support levels at 79,400 and 76,500 broke in a single day. The 20-day moving average has crossed below the 50-day moving average. At 16:00, 33,135 Deribit options expire, with max pain at 79,000—well above the current price.
My take: My stance remains unchanged: no adding unless we reclaim 76,500. The next level to watch is 75,000—if it fails to hold at the close, the 200-day moving average at 73,163 is next. Nonfarm payrolls are due tonight at 20:30, and options expire at 16:00; volatility will only increase. Avoid placing heavy bets on direction ahead of the jobs report.