$BTC
🚨 Breaking market news — Bitcoin under pressure!
$BTC At $73,776, down 1.1% in 24 hours
Touched a low of $72,700 last night before bouncing back
What happened in the market today?
1. U.S. CPI came in hot: 0.4% instead of the expected 0.3%
Core CPI was 0.3% instead of 0.2%
The market is now pricing in a 90% chance of an interest rate hike in December
2. Massive liquidations: $723 million liquidated in 24 hours
79% were longs — meaning buyers got crushed
3. Bitcoin funds: $95 million in outflows yesterday
That’s less than before, but this is the fourth consecutive day of outflows
4. Altcoins are bleeding more:
$ETH at $2,065, down 2.4%
$SOL at $83, down 3.5%
$ZEC down 11.8% — the biggest loser today
Fear and Greed Index: 29 = Fear 😨
Support: $72,700
Resistance: $75,000
If we get back above $75,000, we can breathe easy. If we break below $72,700, we’re headed to $70,000
What do you think?
Type 1 if you’d buy the fear
Type 2 if you’d wait for $70,000 👇
$BTC
#BTC #Crypto #CPI #SOL #BinanceSquare
🚨 Breaking market news — Bitcoin under pressure!
$BTC At $73,776, down 1.1% in 24 hours
Touched a low of $72,700 last night before bouncing back
What happened in the market today?
1. U.S. CPI came in hot: 0.4% instead of the expected 0.3%
Core CPI was 0.3% instead of 0.2%
The market is now pricing in a 90% chance of an interest rate hike in December
2. Massive liquidations: $723 million liquidated in 24 hours
79% were longs — meaning buyers got crushed
3. Bitcoin funds: $95 million in outflows yesterday
That’s less than before, but this is the fourth consecutive day of outflows
4. Altcoins are bleeding more:
$ETH at $2,065, down 2.4%
$SOL at $83, down 3.5%
$ZEC down 11.8% — the biggest loser today
Fear and Greed Index: 29 = Fear 😨
Support: $72,700
Resistance: $75,000
If we get back above $75,000, we can breathe easy. If we break below $72,700, we’re headed to $70,000
What do you think?
Type 1 if you’d buy the fear
Type 2 if you’d wait for $70,000 👇
$BTC
#BTC #Crypto #CPI #SOL #BinanceSquare