【Nov. 11 Market Close】CPI aftershocks linger, BTC hovers around $73K, and $720 million liquidated across the market in a single day
📊 Market Recap (Sources: CoinGecko / CoinGlass / Coincall, Nov. 11)
· BTC at approximately $73,450, down 2.1% over 24h and 5.1% for the week; after Tuesday’s CPI release, it briefly dipped to $72,727 (Binance). It is now repeatedly testing the $73K level, with the 200-day moving average (around $73,200) serving as key support
· ETH at approximately $2,050, down 3.4%–4% over 24h; it briefly flash-crashed to $2,003 on Sunday, triggering $118 million in liquidations in one minute. It is now clinging to the psychological $2,000 level
· BNB at approximately $680, down 1.7% over 24h, with a 24h range of $670–$693, showing relative resilience
· $724 million in liquidations across the market over 24h, with longs accounting for 79%; more than 115,000 traders were liquidated (CoinGlass)
📰 Key Developments
1. October CPI rose 0.4% month over month, above expectations; the probability of a rate hike in December climbed to 85%–96%, while rising Treasury yields continue to weigh on risk assets
2. U.S. spot BTC ETFs saw net outflows for four consecutive days, with weekly outflows exceeding $1.3 billion; BlackRock IBIT has seen outflows for eight straight days
3. MARA sold 13,597 BTC over six weeks to raise $1.1 billion (average price: $81,039), making miner selling pressure more apparent
4. Hidden headwind: USDT’s market cap shrank by $6.6 billion over 60 days, its biggest decline since FTX (CryptoQuant). But some whales are buying the dip: one repurchased 6,087 ETH at $2,031, about 26% below the September sale price
🔮 Outlook for the Next Day
The near-term focus is whether BTC can hold $73,000–$73,200 (the 200-day moving average). If it breaks below that range, the next area to watch is the $70,000–$72,000 liquidation cluster. Friday’s PPI is the next macro catalyst. If ETH holds above $2,000, it may stabilize first. Keep leverage low overnight; don’t bet on a one-way move.
Sources: CoinGecko, CoinGlass, Coincall, The Block, crypto.news
💬 Join the conversation: With CPI exceeding expectations and rate-hike odds surging, do you think BTC can hold the $70K level? Share your thoughts in the comments 👇
$BTC $ETH $BNB
#收盘 #行情回顾 #Cryptocurrency
📊 Market Recap (Sources: CoinGecko / CoinGlass / Coincall, Nov. 11)
· BTC at approximately $73,450, down 2.1% over 24h and 5.1% for the week; after Tuesday’s CPI release, it briefly dipped to $72,727 (Binance). It is now repeatedly testing the $73K level, with the 200-day moving average (around $73,200) serving as key support
· ETH at approximately $2,050, down 3.4%–4% over 24h; it briefly flash-crashed to $2,003 on Sunday, triggering $118 million in liquidations in one minute. It is now clinging to the psychological $2,000 level
· BNB at approximately $680, down 1.7% over 24h, with a 24h range of $670–$693, showing relative resilience
· $724 million in liquidations across the market over 24h, with longs accounting for 79%; more than 115,000 traders were liquidated (CoinGlass)
📰 Key Developments
1. October CPI rose 0.4% month over month, above expectations; the probability of a rate hike in December climbed to 85%–96%, while rising Treasury yields continue to weigh on risk assets
2. U.S. spot BTC ETFs saw net outflows for four consecutive days, with weekly outflows exceeding $1.3 billion; BlackRock IBIT has seen outflows for eight straight days
3. MARA sold 13,597 BTC over six weeks to raise $1.1 billion (average price: $81,039), making miner selling pressure more apparent
4. Hidden headwind: USDT’s market cap shrank by $6.6 billion over 60 days, its biggest decline since FTX (CryptoQuant). But some whales are buying the dip: one repurchased 6,087 ETH at $2,031, about 26% below the September sale price
🔮 Outlook for the Next Day
The near-term focus is whether BTC can hold $73,000–$73,200 (the 200-day moving average). If it breaks below that range, the next area to watch is the $70,000–$72,000 liquidation cluster. Friday’s PPI is the next macro catalyst. If ETH holds above $2,000, it may stabilize first. Keep leverage low overnight; don’t bet on a one-way move.
Sources: CoinGecko, CoinGlass, Coincall, The Block, crypto.news
💬 Join the conversation: With CPI exceeding expectations and rate-hike odds surging, do you think BTC can hold the $70K level? Share your thoughts in the comments 👇
$BTC $ETH $BNB
#收盘 #行情回顾 #Cryptocurrency