Bitcoin fell below $70,000 during Friday’s Asian session for the first time since mid-August, briefly dropping to around $68,500. According to CoinGlass data, total crypto futures liquidations over 24 hours were about $1.23 billion, including roughly $680 million in BTC. Long positions accounted for over 96% of liquidations, with more than 150,000 traders liquidated.
In the broader market, reports say the U.S. Dollar Index rose to a 19-month high, while October CPI came in above expectations. Markets have begun pricing in a possible 25-to-50-basis-point Fed rate hike in December. Spot Bitcoin ETFs also saw net outflows of about $1.44 billion over five consecutive trading days. U.S. PPI data due tonight is another near-term focus.
The concentrated unwinding of highly leveraged long positions has intensified volatility. Take care to manage position sizes and risk. This is for informational purposes only and does not constitute investment advice.
#比特币 #爆仓 #美联储 $BTC $ETH
In the broader market, reports say the U.S. Dollar Index rose to a 19-month high, while October CPI came in above expectations. Markets have begun pricing in a possible 25-to-50-basis-point Fed rate hike in December. Spot Bitcoin ETFs also saw net outflows of about $1.44 billion over five consecutive trading days. U.S. PPI data due tonight is another near-term focus.
The concentrated unwinding of highly leveraged long positions has intensified volatility. Take care to manage position sizes and risk. This is for informational purposes only and does not constitute investment advice.
#比特币 #爆仓 #美联储 $BTC $ETH
