📊 Nov 10: $BTC holds above $74K—what are investors doing after the liquidation wave?
📈 Today’s market (CoinGecko, around 18:00 on Nov 10)
Bitcoin: $74,474, 24h +0.43%
Ethereum ($ETH ): $2,104, 24h -0.03%
BNB: $690.45, +1.51%
Solana: $85.55, -0.81%
💥 First, a look at yesterday’s “bloodbath” data
The entire market plunged on Nov 9: Bitcoin hit an intraday low of around $73,650, its lowest since August; Ethereum fell about 5.6% on the day and closed below its 200-day moving average for the first time since Aug 18.
Around $1.1 billion in positions were liquidated across the market in 24 hours, about 90% of them longs. Ethereum liquidations totaled around $500 million, exceeding Bitcoin’s roughly $305 million and making it the hardest-hit asset in this downturn.
🔍 But two contrasting signals are hidden in the data
1️⃣ Bitcoin open interest fell just 0.2%. With prices down 2.2% but positions largely unchanged, it suggests most traders chose to hold on rather than exit.
2️⃣ Santiment data shows that large holders accelerated their Bitcoin accumulation as it pulled back to around $75,000—a sign analysts view as positive.
💰 ETF flows remain subdued
In the week of Nov 2–6, spot Bitcoin ETFs saw net outflows of $1.28 billion. On Nov 5 alone, Bitcoin and Ethereum ETFs together recorded net outflows of around $530 million. Institutional money has yet to return.
🎯 What to watch tonight
Bitcoin’s 200-day moving average is around $73,170, just about 1.8% below the current price—a key battleground for bulls and bears. US October CPI will be released tonight and could determine the short-term direction.
Do you think $73,000 is a near-term bottom, or just a pause before further declines? Share your thoughts in the comments 👇
#比特币 #以太坊 #DataTracker
⚠️ Personal opinion only. DYOR and be aware of the risks.
📈 Today’s market (CoinGecko, around 18:00 on Nov 10)
Bitcoin: $74,474, 24h +0.43%
Ethereum ($ETH ): $2,104, 24h -0.03%
BNB: $690.45, +1.51%
Solana: $85.55, -0.81%
💥 First, a look at yesterday’s “bloodbath” data
The entire market plunged on Nov 9: Bitcoin hit an intraday low of around $73,650, its lowest since August; Ethereum fell about 5.6% on the day and closed below its 200-day moving average for the first time since Aug 18.
Around $1.1 billion in positions were liquidated across the market in 24 hours, about 90% of them longs. Ethereum liquidations totaled around $500 million, exceeding Bitcoin’s roughly $305 million and making it the hardest-hit asset in this downturn.
🔍 But two contrasting signals are hidden in the data
1️⃣ Bitcoin open interest fell just 0.2%. With prices down 2.2% but positions largely unchanged, it suggests most traders chose to hold on rather than exit.
2️⃣ Santiment data shows that large holders accelerated their Bitcoin accumulation as it pulled back to around $75,000—a sign analysts view as positive.
💰 ETF flows remain subdued
In the week of Nov 2–6, spot Bitcoin ETFs saw net outflows of $1.28 billion. On Nov 5 alone, Bitcoin and Ethereum ETFs together recorded net outflows of around $530 million. Institutional money has yet to return.
🎯 What to watch tonight
Bitcoin’s 200-day moving average is around $73,170, just about 1.8% below the current price—a key battleground for bulls and bears. US October CPI will be released tonight and could determine the short-term direction.
Do you think $73,000 is a near-term bottom, or just a pause before further declines? Share your thoughts in the comments 👇
#比特币 #以太坊 #DataTracker
⚠️ Personal opinion only. DYOR and be aware of the risks.