$1.2 billion liquidated, and the $75,000 level couldn’t hold either 🦖
Bitcoin is currently at $75,461, down 6.13% in 24 hours
🚨 行情变了群里说
Ethereum at $2,221, down 8.24%; SOL at $88.99, down 7.08%
In the past 4 hours, the total crypto market cap has shed around $140 billion
Liquidations have exceeded $1.2 billion in 24 hours
At this time yesterday, the market was still discussing whether $80,000 could hold
Today, even $76,000 has become resistance overhead
The change isn’t in the news—it’s in leverage
Yesterday, shorts were squeezed, pushing prices higher
Today, it’s the longs chasing the rally getting liquidated. The direction has flipped, but the result is the same 💥
First, let’s look at how this sell-off is spreading
It started with crowded AI trades in U.S. stocks
The Nasdaq plunged 5.52% in a single day
Risk assets were cut across the board, and crypto failed to decouple
Bitcoin is now down 40% from its all-time high of $126,080
This can’t be explained away as mere sentiment—valuations and positioning are both being revised downward
Now, the key levels
$75,000 has just shifted from support to resistance
After breaking below it, any rebound to this level is likely to meet selling pressure
Next, watch the $73,000–$74,000 area below
This is the last meaningful line of defense for the bulls
The real uncertainty comes tonight
9:30 p.m.: U.S. nonfarm payrolls data
What the market fears most right now isn’t weak data—it’s data that’s too strong
Because strong employment could reignite rate-hike expectations
Earlier this week, the 10-year U.S. Treasury yield briefly hit 4.845%, its lowest level in nearly nine weeks
Yields are signaling easing, while officials are talking about rate hikes. Risk assets are selling off first and asking questions later ⚠️
My take:
This isn’t a problem unique to crypto—it’s paying the price for crowded AI trades in U.S. stocks
Once leverage is cleared out, whether prices can stabilize depends on two things:
First, whether rate-hike expectations heat up or cool down after the jobs report
Second, whether spot buyers step in around $73,000–$74,000
If only futures traders are buying the dip, any rebound will probably be short-lived 🦖
Do you think $75,000 is the bottom, or just a waystation on the way down?
Let’s talk in the comments
I bring you the latest crypto market developments every day—not just what’s happening, but also the logic and opportunities behind it 👀🚀
Bitcoin is currently at $75,461, down 6.13% in 24 hours
🚨 行情变了群里说
Ethereum at $2,221, down 8.24%; SOL at $88.99, down 7.08%
In the past 4 hours, the total crypto market cap has shed around $140 billion
Liquidations have exceeded $1.2 billion in 24 hours
At this time yesterday, the market was still discussing whether $80,000 could hold
Today, even $76,000 has become resistance overhead
The change isn’t in the news—it’s in leverage
Yesterday, shorts were squeezed, pushing prices higher
Today, it’s the longs chasing the rally getting liquidated. The direction has flipped, but the result is the same 💥
First, let’s look at how this sell-off is spreading
It started with crowded AI trades in U.S. stocks
The Nasdaq plunged 5.52% in a single day
Risk assets were cut across the board, and crypto failed to decouple
Bitcoin is now down 40% from its all-time high of $126,080
This can’t be explained away as mere sentiment—valuations and positioning are both being revised downward
Now, the key levels
$75,000 has just shifted from support to resistance
After breaking below it, any rebound to this level is likely to meet selling pressure
Next, watch the $73,000–$74,000 area below
This is the last meaningful line of defense for the bulls
The real uncertainty comes tonight
9:30 p.m.: U.S. nonfarm payrolls data
What the market fears most right now isn’t weak data—it’s data that’s too strong
Because strong employment could reignite rate-hike expectations
Earlier this week, the 10-year U.S. Treasury yield briefly hit 4.845%, its lowest level in nearly nine weeks
Yields are signaling easing, while officials are talking about rate hikes. Risk assets are selling off first and asking questions later ⚠️
My take:
This isn’t a problem unique to crypto—it’s paying the price for crowded AI trades in U.S. stocks
Once leverage is cleared out, whether prices can stabilize depends on two things:
First, whether rate-hike expectations heat up or cool down after the jobs report
Second, whether spot buyers step in around $73,000–$74,000
If only futures traders are buying the dip, any rebound will probably be short-lived 🦖
Do you think $75,000 is the bottom, or just a waystation on the way down?
Let’s talk in the comments
I bring you the latest crypto market developments every day—not just what’s happening, but also the logic and opportunities behind it 👀🚀