🚨 l$BTC broke $74,000 and $ETH fell below $2,100—the market is burning through long positions!
After US inflation data came in stronger than expected, the odds of a December rate hike rose to around 89%, sending Bitcoin down to around $73,700 and Ethereum to around $2,000.
Within an hour of the data release, long positions worth more than $179 million were liquidated, while total liquidations over 24 hours reached around $356 million.
More concerning: BTC ETFs saw $201 million in outflows in a single session, while ETH ETFs lost $184.6 million—institutional money is retreating before the market moves.
What’s next? Watch the $73,100–$73,300 zone for BTC and $2,000 for ETH; a break below could trigger a stronger wave of selling pressure.
But history still reminds us: major liquidations often precede sharp volatility, not the ultimate direction.
Are you buying the dip or waiting for support to be confirmed?
#BTC #ETH #crypto
After US inflation data came in stronger than expected, the odds of a December rate hike rose to around 89%, sending Bitcoin down to around $73,700 and Ethereum to around $2,000.
Within an hour of the data release, long positions worth more than $179 million were liquidated, while total liquidations over 24 hours reached around $356 million.
More concerning: BTC ETFs saw $201 million in outflows in a single session, while ETH ETFs lost $184.6 million—institutional money is retreating before the market moves.
What’s next? Watch the $73,100–$73,300 zone for BTC and $2,000 for ETH; a break below could trigger a stronger wave of selling pressure.
But history still reminds us: major liquidations often precede sharp volatility, not the ultimate direction.
Are you buying the dip or waiting for support to be confirmed?
#BTC #ETH #crypto