🚨 U.S. inflation came in hotter than expected, $BTC fell below $73,000, hitting a nearly three-month low!
📉 Market snapshot (at the time of writing):
• $BTC 73690 dollars, down 2.1% in 24h
• $ETH 2050 dollars, down 3.8% in 24h, nearing the key $2,000 support level
• Binance Coin at $680, down 1.6% in 24h
• Solana at $83, down 3.8% in 24h
💥 The trigger: U.S. CPI rose 0.4% month over month in October, above expectations, while core CPI rose 0.3%. Bets on a December Federal Reserve rate hike surged, with futures markets showing the probability of a hike rising to about 89%. Risk assets came under broad pressure.
📊 Market data:
• Nearly $700 million in liquidations across the market over the past 24 hours, including about $570 million in long positions; Ethereum liquidations briefly exceeded Bitcoin's
• According to Farside Investors, U.S. spot Bitcoin ETFs saw net outflows of about $200 million on Monday, with BlackRock's IBIT recording net outflows for seven consecutive trading days; spot Ethereum ETFs saw net outflows of about $185 million on the same day
• Fear and Greed Index: 32, in the “Fear” zone
🧐 Notably, on-chain data shows some large holders are accelerating accumulation during the pullback. Analysts say this could be a potentially positive signal. In the short term, however, $2,000 is a line in the sand that Ethereum bulls must defend; a break below it could trigger another wave of selling.
💬 What do you think? Is this a “golden buying opportunity” or just a pause on the way down? Can $2,000 hold? Let’s discuss in the comments 👇
#比特币 #以太坊 #加密货币 #FederalReserve
⚠️ Personal opinion. DYOR and be aware of the risks
📉 Market snapshot (at the time of writing):
• $BTC 73690 dollars, down 2.1% in 24h
• $ETH 2050 dollars, down 3.8% in 24h, nearing the key $2,000 support level
• Binance Coin at $680, down 1.6% in 24h
• Solana at $83, down 3.8% in 24h
💥 The trigger: U.S. CPI rose 0.4% month over month in October, above expectations, while core CPI rose 0.3%. Bets on a December Federal Reserve rate hike surged, with futures markets showing the probability of a hike rising to about 89%. Risk assets came under broad pressure.
📊 Market data:
• Nearly $700 million in liquidations across the market over the past 24 hours, including about $570 million in long positions; Ethereum liquidations briefly exceeded Bitcoin's
• According to Farside Investors, U.S. spot Bitcoin ETFs saw net outflows of about $200 million on Monday, with BlackRock's IBIT recording net outflows for seven consecutive trading days; spot Ethereum ETFs saw net outflows of about $185 million on the same day
• Fear and Greed Index: 32, in the “Fear” zone
🧐 Notably, on-chain data shows some large holders are accelerating accumulation during the pullback. Analysts say this could be a potentially positive signal. In the short term, however, $2,000 is a line in the sand that Ethereum bulls must defend; a break below it could trigger another wave of selling.
💬 What do you think? Is this a “golden buying opportunity” or just a pause on the way down? Can $2,000 hold? Let’s discuss in the comments 👇
#比特币 #以太坊 #加密货币 #FederalReserve
⚠️ Personal opinion. DYOR and be aware of the risks