[MARKET BLEEDS 6/11] $BTC BREAKS BELOW $76K — WHY?
Nasdaq -6.4%, AI stocks get sold off → Crypto gets dragged down.
$BTC -6.29% to $75,369
$ETH -8.51% to $2,216
$1 billion in Long positions liquidated.
3 main reasons:
1. Democrats win = fears of tighter AI regulations → tech stocks crash → BTC follows
2. Last week’s $6.3 billion Binance hack is still haunting the market
3. $2.65 billion in BTC options expire today, max pain at $79K → whales may pull the price back there
Strong support for $BTC : $75,600 — the cost basis for short-term holders. If this level breaks, it could fall to $73K.
Are you cutting losses or DCAing? 👇
#BTC #ETH #marketcrash
Nasdaq -6.4%, AI stocks get sold off → Crypto gets dragged down.
$BTC -6.29% to $75,369
$ETH -8.51% to $2,216
$1 billion in Long positions liquidated.
3 main reasons:
1. Democrats win = fears of tighter AI regulations → tech stocks crash → BTC follows
2. Last week’s $6.3 billion Binance hack is still haunting the market
3. $2.65 billion in BTC options expire today, max pain at $79K → whales may pull the price back there
Strong support for $BTC : $75,600 — the cost basis for short-term holders. If this level breaks, it could fall to $73K.
Are you cutting losses or DCAing? 👇
#BTC #ETH #marketcrash
