Bitcoin and Ethereum have hit their lowest levels in the past 3 months.
BTC fell to the $71,000–72,000 zone, while ETH dropped below $2,000. Since October, the market has lost around $550 billion in market capitalization. Liquidations totaled $600–700+ million in 24 hours, mostly long positions.
What’s weighing on the market:
Outflows from spot ETFs
Shrinking stablecoin supply
Overall weakness in risk assets
BTC holding below its 200-day moving average
Key levels right now:
BTC: support at $68,000; a break below it could accelerate the decline
ETH: $1,850–1,900 zone
The market is clearly overheated in terms of liquidations, but the trend remains bearish for now.
Many are expecting either a strong rebound from current levels or a test of deeper support levels.
How likely do you think further declines are in the coming days?
#BTC #ETH
BTC fell to the $71,000–72,000 zone, while ETH dropped below $2,000. Since October, the market has lost around $550 billion in market capitalization. Liquidations totaled $600–700+ million in 24 hours, mostly long positions.
What’s weighing on the market:
Outflows from spot ETFs
Shrinking stablecoin supply
Overall weakness in risk assets
BTC holding below its 200-day moving average
Key levels right now:
BTC: support at $68,000; a break below it could accelerate the decline
ETH: $1,850–1,900 zone
The market is clearly overheated in terms of liquidations, but the trend remains bearish for now.
Many are expecting either a strong rebound from current levels or a test of deeper support levels.
How likely do you think further declines are in the coming days?
#BTC #ETH