☀️ Morning Briefing — Tuesday, November 10
Prices: BTC ~$75,000 (−0.2% 24h), ETH ~$2,125 (−0.6% 24h). Fear & Greed 29.
1. $1.1B+ liquidations amid Nvidia scandal
News of an investigation into Nvidia’s CEO on Sunday night sent shares down, and that fear spread to crypto, sending BTC from $75,690 to $73,477 in 15 minutes — its lowest since August. $1.12B was liquidated in 24 hours, with ~88% of positions being longs. The drop wasn’t due to crypto-specific news, but to stock-market fears — so there’s been a rebound, but the market is still weak.
2. $1.28B in weekly ETF outflows
The highest weekly outflow since June. Institutional demand is fragile — without new buyers, $73,000 support could be tested again.
3. CPI tonight at 7:30 — the week’s biggest event
Expectations: headline +0.3% m/m, core +0.2% m/m. If CPI comes in soft, BTC could move toward $75,500–$77,500; if it comes in hot, there’s a risk of breaking $73,000 support. Prices could swing quickly in either direction before and after CPI.
Up ahead: Veterans Day tomorrow (bond market closed), PPI on Friday, FOMC minutes on November 18, FOMC on December 9–10
Prices: BTC ~$75,000 (−0.2% 24h), ETH ~$2,125 (−0.6% 24h). Fear & Greed 29.
1. $1.1B+ liquidations amid Nvidia scandal
News of an investigation into Nvidia’s CEO on Sunday night sent shares down, and that fear spread to crypto, sending BTC from $75,690 to $73,477 in 15 minutes — its lowest since August. $1.12B was liquidated in 24 hours, with ~88% of positions being longs. The drop wasn’t due to crypto-specific news, but to stock-market fears — so there’s been a rebound, but the market is still weak.
2. $1.28B in weekly ETF outflows
The highest weekly outflow since June. Institutional demand is fragile — without new buyers, $73,000 support could be tested again.
3. CPI tonight at 7:30 — the week’s biggest event
Expectations: headline +0.3% m/m, core +0.2% m/m. If CPI comes in soft, BTC could move toward $75,500–$77,500; if it comes in hot, there’s a risk of breaking $73,000 support. Prices could swing quickly in either direction before and after CPI.
Up ahead: Veterans Day tomorrow (bond market closed), PPI on Friday, FOMC minutes on November 18, FOMC on December 9–10