Bitcoin hasn't made a new low, but the little brother has.
$BTC fell to 72,734 at 20:00 tonight, just $7 above the November 10 low of 72,727; $BNB , however, dropped to 662.3, its lowest since August 21.
▪️ BTC 73,044 (24h -1.4%), contract open interest rose from 96,600 to 100,200 BTC over 12 hours
▪️ ETH 2,025 (24h -1.6%), low 2,013
▪️ BNB 663.8 (24h -2.6%), funding rate at zero
U.S. spot BTC ETFs saw another roughly $300 million in outflows on the 11th, bringing the total to about $1.44 billion over five consecutive trading days.
Price down, open interest up. With 72,700 being tested for the second time, I'm more interested in whose positions were newly opened.
#BNB #DailyReview
$BTC fell to 72,734 at 20:00 tonight, just $7 above the November 10 low of 72,727; $BNB , however, dropped to 662.3, its lowest since August 21.
▪️ BTC 73,044 (24h -1.4%), contract open interest rose from 96,600 to 100,200 BTC over 12 hours
▪️ ETH 2,025 (24h -1.6%), low 2,013
▪️ BNB 663.8 (24h -2.6%), funding rate at zero
U.S. spot BTC ETFs saw another roughly $300 million in outflows on the 11th, bringing the total to about $1.44 billion over five consecutive trading days.
Price down, open interest up. With 72,700 being tested for the second time, I'm more interested in whose positions were newly opened.
#BNB #DailyReview