Monday closed with markets still cautious — here's the market today in 5 lines.
Key figures:
• BTC ~$74.505 — recovered from a low of $73.436, but still below Strategy's average cost of $75.451 (MEXC kline, close at 19:00 WIB)
• ETH ~$2.117 — closed Sunday below its 200-day average for the first time since August 18 (CoinDesk, Nov 9)
• Futures volume +200% to ~$180 billion/24 hours, open interest −3% to ~$127 billion (CoinDesk, Nov 9)
• Implied options volatility: BTC ~43% (up from ~33% Thursday), ETH ~60% (up from ~46%) (CoinDesk, Nov 9)
• US October CPI tomorrow, Tuesday, Nov 10 at 20:30 WIB — consensus +0.3% m/m (down from +0.6%), core +0.2% (down from +0.3%)
My take: volume exploded while open interest shrank — that's forced liquidations, not new positions. The market isn't building a direction; it's closing out risk ahead of CPI. ETH losing its 200-day average confirms that pressure is still to the downside.
What I'm watching next: tomorrow's CPI at 20:30 WIB — a hot reading means a greater chance of a December hike; a cool one means some relief.
What do you think: is tomorrow's CPI more likely to be a bounce or another blow?
This is my analysis, not financial advice — always DYOR.
#PasarHariIni #Bitcoin $BTC $ETH
Key figures:
• BTC ~$74.505 — recovered from a low of $73.436, but still below Strategy's average cost of $75.451 (MEXC kline, close at 19:00 WIB)
• ETH ~$2.117 — closed Sunday below its 200-day average for the first time since August 18 (CoinDesk, Nov 9)
• Futures volume +200% to ~$180 billion/24 hours, open interest −3% to ~$127 billion (CoinDesk, Nov 9)
• Implied options volatility: BTC ~43% (up from ~33% Thursday), ETH ~60% (up from ~46%) (CoinDesk, Nov 9)
• US October CPI tomorrow, Tuesday, Nov 10 at 20:30 WIB — consensus +0.3% m/m (down from +0.6%), core +0.2% (down from +0.3%)
My take: volume exploded while open interest shrank — that's forced liquidations, not new positions. The market isn't building a direction; it's closing out risk ahead of CPI. ETH losing its 200-day average confirms that pressure is still to the downside.
What I'm watching next: tomorrow's CPI at 20:30 WIB — a hot reading means a greater chance of a December hike; a cool one means some relief.
What do you think: is tomorrow's CPI more likely to be a bounce or another blow?
This is my analysis, not financial advice — always DYOR.
#PasarHariIni #Bitcoin $BTC $ETH