The ammo is gone, but history says there’s one more chance before November 22.
Glassnode’s weekly report just dropped: stablecoins are down $14.2 billion over 30 days, the fastest decline since June 2022. ETFs saw another $1.58 billion in outflows from November 2 to 10.
$BTC is now at 74,559, and has been stuck below the short-term holder cost basis of 75,700 for four straight days.
All 1.6 million coins bought between 75,000 and 80,000 are underwater, with another 762,000 coins bought between 70,000 and 75,000.
Bitfinex dug through the history: since 2016, there have been 14 drops below this line, and 11 times the price reclaimed it within two weeks—a 79% win rate. November 22 is the deadline for this cycle.
The timing is right there, too: options expire tomorrow, November 13, with a range of 71,600 to 75,800; Nvidia reports earnings on the 17th, and Anthropic goes public on the 19th.
A: Bet on the 79% historical pattern and buy in stages below 75,700; if it reclaims that level before November 22, you win. B: Pull out all your ammo; if it breaks 73,000, look straight to 70,000.
#比特币 #稳定币 #Bitfinex
Glassnode’s weekly report just dropped: stablecoins are down $14.2 billion over 30 days, the fastest decline since June 2022. ETFs saw another $1.58 billion in outflows from November 2 to 10.
$BTC is now at 74,559, and has been stuck below the short-term holder cost basis of 75,700 for four straight days.
All 1.6 million coins bought between 75,000 and 80,000 are underwater, with another 762,000 coins bought between 70,000 and 75,000.
Bitfinex dug through the history: since 2016, there have been 14 drops below this line, and 11 times the price reclaimed it within two weeks—a 79% win rate. November 22 is the deadline for this cycle.
The timing is right there, too: options expire tomorrow, November 13, with a range of 71,600 to 75,800; Nvidia reports earnings on the 17th, and Anthropic goes public on the 19th.
A: Bet on the 79% historical pattern and buy in stages below 75,700; if it reclaims that level before November 22, you win. B: Pull out all your ammo; if it breaks 73,000, look straight to 70,000.
#比特币 #稳定币 #Bitfinex
