Friday opened on a sour note: $BTC is still falling, and market sentiment has plunged straight into “Extreme Fear”
On November 13, Bitcoin fell below $71,000, hitting its lowest level since September
All three major U.S. stock indexes also closed lower
Two major headwinds are weighing on the market:
First, Fed officials were out in force with hawkish comments on Thursday, reinforcing expectations of further tightening;
Second, the Nvidia turmoil continues: Jensen Huang resigned from all his positions, agreed to testify before the House, is facing a Justice Department antitrust investigation, and was reported to have had a relationship with a second employee. The stock has dragged down AI-related shares.
The liquidation chart is even more interesting: the long and short sides are unevenly positioned:
If BTC falls below $70,000, cumulative long liquidation intensity across major CEXs is $622 million;
If BTC breaks above $73,000, cumulative short liquidation intensity is $838 million.
The trigger levels are only $3,000 apart, but short liquidation intensity is clearly higher than long liquidation intensity—the short side is more crowded around $73,000, leaving more fuel for an upward short squeeze.
In August, when BTC was at $62,000–$64,000, short liquidations still totaled $888 million. Since then, the midpoint has moved above $70,000, and longs have rebuilt their positions too.
For now, $70,000 is a short-term cushion. If it truly breaks, $622 million in long liquidations could amplify the downside;
But $73,000 is the level to watch more closely: if it breaks, short covering worth $838 million could be even more intense than the long liquidations.
Sentiment has also collapsed: the Fear and Greed Index is at 20, down from 28 yesterday, slipping from “Fear” back into “Extreme Fear.”
Price at a new low, hawkish officials, Nvidia weighing on the market, and extreme fear;
Below, $622 million in long liquidations at $70,000; above, $838 million in short liquidations at $73,000. Downside is the cushion; upside is the fuel.
#黄仁勋辞任CEO，英伟达战略走向受关注
On November 13, Bitcoin fell below $71,000, hitting its lowest level since September
All three major U.S. stock indexes also closed lower
Two major headwinds are weighing on the market:
First, Fed officials were out in force with hawkish comments on Thursday, reinforcing expectations of further tightening;
Second, the Nvidia turmoil continues: Jensen Huang resigned from all his positions, agreed to testify before the House, is facing a Justice Department antitrust investigation, and was reported to have had a relationship with a second employee. The stock has dragged down AI-related shares.
The liquidation chart is even more interesting: the long and short sides are unevenly positioned:
If BTC falls below $70,000, cumulative long liquidation intensity across major CEXs is $622 million;
If BTC breaks above $73,000, cumulative short liquidation intensity is $838 million.
The trigger levels are only $3,000 apart, but short liquidation intensity is clearly higher than long liquidation intensity—the short side is more crowded around $73,000, leaving more fuel for an upward short squeeze.
In August, when BTC was at $62,000–$64,000, short liquidations still totaled $888 million. Since then, the midpoint has moved above $70,000, and longs have rebuilt their positions too.
For now, $70,000 is a short-term cushion. If it truly breaks, $622 million in long liquidations could amplify the downside;
But $73,000 is the level to watch more closely: if it breaks, short covering worth $838 million could be even more intense than the long liquidations.
Sentiment has also collapsed: the Fear and Greed Index is at 20, down from 28 yesterday, slipping from “Fear” back into “Extreme Fear.”
Price at a new low, hawkish officials, Nvidia weighing on the market, and extreme fear;
Below, $622 million in long liquidations at $70,000; above, $838 million in short liquidations at $73,000. Downside is the cushion; upside is the fuel.
#黄仁勋辞任CEO，英伟达战略走向受关注
