🚨 AleiCripto Nightly Recap! Panic on Wall Street and a crypto derivatives purge defined a day in the red.
- Wall Street and the tech purge: Indices took a heavy hit in the aftermath of the election; the Nasdaq 100 plunged -1.88% (19,850 pts) and the S&P 500 fell to 5,812 pts, while Gold ($XAUT ) shone as a safe haven, rising +0.95% to $2,750/oz.
- Crypto and liquidation microstructure: Bitcoin ($BTC ) experienced a violent U.S. session, dropping as low as $75,582 (-5.48%) and wiping out excessive long leverage after a lack of spot support was confirmed, triggering a massive long squeeze.
- Our calls for the day came true: Our morning risk analyses were spot-on: rejection at resistance ceilings and the break of key support levels triggered declines toward the predicted liquidation pools, confirming the bearish structure.
💡 My take for the evening: The Asian and European sessions inherit an extremely fragile market. The break of support in equities and the purge of leveraged positions in crypto call for extreme caution; watch how price reacts at the current consolidation bases before looking for bounces.
Will the market find a bottom during the Asian session, or will we see capitulation extend into the early hours? 👇📉
#WillAnthropicListOnTime $SPYB
- Wall Street and the tech purge: Indices took a heavy hit in the aftermath of the election; the Nasdaq 100 plunged -1.88% (19,850 pts) and the S&P 500 fell to 5,812 pts, while Gold ($XAUT ) shone as a safe haven, rising +0.95% to $2,750/oz.
- Crypto and liquidation microstructure: Bitcoin ($BTC ) experienced a violent U.S. session, dropping as low as $75,582 (-5.48%) and wiping out excessive long leverage after a lack of spot support was confirmed, triggering a massive long squeeze.
- Our calls for the day came true: Our morning risk analyses were spot-on: rejection at resistance ceilings and the break of key support levels triggered declines toward the predicted liquidation pools, confirming the bearish structure.
💡 My take for the evening: The Asian and European sessions inherit an extremely fragile market. The break of support in equities and the purge of leveraged positions in crypto call for extreme caution; watch how price reacts at the current consolidation bases before looking for bounces.
Will the market find a bottom during the Asian session, or will we see capitulation extend into the early hours? 👇📉
#WillAnthropicListOnTime $SPYB
