The ETF tally from the day before yesterday needs updating: every position opened between 80,000 and 81,500 is underwater. I said I wouldn’t be able to let this go until it got back above that range.
$BTC It plunged to around 75,400 today, after touching 81,000 the day before yesterday—a 7% drop in two days.
Let’s lay out the numbers. On November 5, the Nasdaq fell 5.52%, and the Philadelphia Semiconductor Index dropped 12%.
The trigger was still the election: the Democrats took both the House and Senate, forcing a complete reassessment of the regulatory outlook for AI data centers.
Crypto is paying the price. Zhitong Finance’s early-morning snapshot on the 6th: $1.17 billion in liquidations across the market, with BTC accounting for $340 million. Long positions made up 90% of them.
Above, short-side liquidity is stacked between 76,800 and 77,300. Below, 73,000 is this week’s make-or-break level. If the weekly candle can’t close above it, the trend shifts gears.
$BTC It plunged to around 75,400 today, after touching 81,000 the day before yesterday—a 7% drop in two days.
Let’s lay out the numbers. On November 5, the Nasdaq fell 5.52%, and the Philadelphia Semiconductor Index dropped 12%.
The trigger was still the election: the Democrats took both the House and Senate, forcing a complete reassessment of the regulatory outlook for AI data centers.
Crypto is paying the price. Zhitong Finance’s early-morning snapshot on the 6th: $1.17 billion in liquidations across the market, with BTC accounting for $340 million. Long positions made up 90% of them.
Above, short-side liquidity is stacked between 76,800 and 77,300. Below, 73,000 is this week’s make-or-break level. If the weekly candle can’t close above it, the trend shifts gears.
