$BTTC 👀 As expected, the Democrats won the elections, taking both chambers by a landslide. Interestingly, Iran saw their victory as a step toward de-escalation, so maybe we’ll finally see a deal.
Overnight, as the first results came in, the market started sliding and tested the support below $76k that we wrote about yesterday. Then came the usual story: many started opening short positions, followed by a sharp squeeze upward — $400 million in liquidations.
Technically, we got what we expected. Now it’ll be interesting to see how the market behaves at the open and over the next couple of weeks, because there are plenty of problems, especially in the AI sector.
On-chain activity is showing signs of life — we’re gradually seeing things pick up on RH and Solana. We may see liquidity flow back into meme coins, but for now we’re watching with cautious optimism.
Historically, the end of the year is also a good period for crypto, but let’s not get ahead of ourselves.
Overnight, as the first results came in, the market started sliding and tested the support below $76k that we wrote about yesterday. Then came the usual story: many started opening short positions, followed by a sharp squeeze upward — $400 million in liquidations.
Technically, we got what we expected. Now it’ll be interesting to see how the market behaves at the open and over the next couple of weeks, because there are plenty of problems, especially in the AI sector.
On-chain activity is showing signs of life — we’re gradually seeing things pick up on RH and Solana. We may see liquidity flow back into meme coins, but for now we’re watching with cautious optimism.
Historically, the end of the year is also a good period for crypto, but let’s not get ahead of ourselves.