๐ Market Tracker | November 11 Market Overview
U.S. October CPI came in higher than expected, sending crypto markets broadly lower. Here are todayโs key figures:
๐ฐ Price Tracker (24 hours)
โข Bitcoin $BTC : $73,801, down 1.21%. It briefly fell below $73,000 intraday, its lowest level since August, and is now nearly 16% below its September high.
โข Ethereum $ETH : $2,066.83, down 2.58%, continuing to fluctuate in the $2,000โ$2,100 range.
โข Binance Coin: $681.12, down 1.36%.
โข Solana: $83.22, down 3.32%, the steepest decline among major coins.
๐ Liquidation Data
About $720 million in positions were liquidated across the market over the past 24 hours, including roughly $570 million in long positions. More than 115,000 traders were liquidated. Bitcoin liquidations totaled about $200 million, with approximately $178 million in long positions liquidated within an hour of the CPI release.
๐ฆ Fund Flows
U.S. spot Bitcoin ETFs saw net outflows of $201 million on Monday, with BlackRockโs IBIT recording $213 million in redemptions in a single day. The Fear & Greed Index is at 32, in the โFearโ zone. Total crypto market capitalization is about $2.48 trillion, down roughly 4% in 24 hours.
๐ฏ Key Levels
Support: around $72,700; resistance: $75,000โonly a move back above this level would signal that the decline has stabilized.
October CPI rose 0.4% month over month (vs. 0.3% expected), while core CPI rose 0.3% (vs. 0.2% expected). This fueled bets on a Fed rate hike in Decemberโand was the trigger for this downturn.
Do you think $72,700 will hold? Or will we have to wait for rate-hike expectations to fade before the market bottoms out? Share your thoughts in the comments ๐
#ๆฏ็นๅธ #ไปฅๅคชๅ #ๆฐๆฎ่ฟฝ่ธช #MarketAnalysis
โ ๏ธ Personal opinion only. DYOR and be aware of the risks.
U.S. October CPI came in higher than expected, sending crypto markets broadly lower. Here are todayโs key figures:
๐ฐ Price Tracker (24 hours)
โข Bitcoin $BTC : $73,801, down 1.21%. It briefly fell below $73,000 intraday, its lowest level since August, and is now nearly 16% below its September high.
โข Ethereum $ETH : $2,066.83, down 2.58%, continuing to fluctuate in the $2,000โ$2,100 range.
โข Binance Coin: $681.12, down 1.36%.
โข Solana: $83.22, down 3.32%, the steepest decline among major coins.
๐ Liquidation Data
About $720 million in positions were liquidated across the market over the past 24 hours, including roughly $570 million in long positions. More than 115,000 traders were liquidated. Bitcoin liquidations totaled about $200 million, with approximately $178 million in long positions liquidated within an hour of the CPI release.
๐ฆ Fund Flows
U.S. spot Bitcoin ETFs saw net outflows of $201 million on Monday, with BlackRockโs IBIT recording $213 million in redemptions in a single day. The Fear & Greed Index is at 32, in the โFearโ zone. Total crypto market capitalization is about $2.48 trillion, down roughly 4% in 24 hours.
๐ฏ Key Levels
Support: around $72,700; resistance: $75,000โonly a move back above this level would signal that the decline has stabilized.
October CPI rose 0.4% month over month (vs. 0.3% expected), while core CPI rose 0.3% (vs. 0.2% expected). This fueled bets on a Fed rate hike in Decemberโand was the trigger for this downturn.
Do you think $72,700 will hold? Or will we have to wait for rate-hike expectations to fade before the market bottoms out? Share your thoughts in the comments ๐
#ๆฏ็นๅธ #ไปฅๅคชๅ #ๆฐๆฎ่ฟฝ่ธช #MarketAnalysis
โ ๏ธ Personal opinion only. DYOR and be aware of the risks.