Bitcoin plunged below $76,000 overnight! AI stocks were hammered on Wall Street, with the Nasdaq plunging 5.5% on Thursday. More than $1 billion in positions were liquidated across the market in 24 hours, nearly 90% of them longs, while spot Bitcoin ETFs saw $430 million in net outflows in a single day. BTC is now struggling around $75,948, with a 24-hour low of $74,888 and a high of $76,404, on $1.26 billion in trading volume. This is not a buy-the-dip signal; it is a long liquidation cascade unfolding in real time. My take: holding $74,888 keeps a rebound in play, while reclaiming $76,404 would let us talk about stabilization. If $74,888 breaks, shorts will keep pressing—don’t fight it. Data: Binance spot, Nov 7, 09:05 CST. $BTC
Bitcoin just crashed below $76,000! The AI stock bloodbath sent Nasdaq down 5.5% on Thursday, over $1 billion in leveraged positions got liquidated in 24 hours, nearly 90% of them longs, and spot Bitcoin ETFs saw $430 million in net outflows in a single day. BTC is now fighting around $75,948, with a 24h low of $74,888 and high of $76,404, on $1.26 billion in volume. This is not a buy-the-dip signal, it is a long liquidation cascade in real time. My take: hold $74,888 and a bounce is on the table, reclaim $76,404 and we can talk about stabilization; lose $74,888 and shorts keep pressing, do not fight it. Data: Binance spot, Nov 7 09:05 CST. $BTC
Bitcoin just crashed below $76,000! The AI stock bloodbath sent Nasdaq down 5.5% on Thursday, over $1 billion in leveraged positions got liquidated in 24 hours, nearly 90% of them longs, and spot Bitcoin ETFs saw $430 million in net outflows in a single day. BTC is now fighting around $75,948, with a 24h low of $74,888 and high of $76,404, on $1.26 billion in volume. This is not a buy-the-dip signal, it is a long liquidation cascade in real time. My take: hold $74,888 and a bounce is on the table, reclaim $76,404 and we can talk about stabilization; lose $74,888 and shorts keep pressing, do not fight it. Data: Binance spot, Nov 7 09:05 CST. $BTC