BTC has fallen below the 200-week moving average, and funding rates have turned negative for the first time in a month. Is this a chance to buy the dip, or a trap? 🤔
Here’s my take:
At this level, the panic is obvious, but “cheap” doesn’t mean “bottomed.”
I won’t rush into a trade before the PPI release at 21:30 tonight.
3 key developments today 👇
1️⃣ Fell below the 200-week moving average
$BTC hit an intraday low of around 67.6K, falling below the 200-week moving average (around 68K).
Historically, this line has often been seen as the long-term bull-bear divide. Whether the price can quickly climb back above it is key.
2️⃣ Funding rates turned negative
At noon, I said funding rates were still slightly positive and leverage hadn’t been fully flushed out.
By evening, Glassnode data showed that the average funding rate for BTC perpetuals had turned negative for the first time in a month.
Shorts are starting to pay longs, which means more people are bearish. This can sometimes happen near short-term lows, but it doesn’t guarantee a reversal.
3️⃣ Crypto and U.S. stocks “decoupled”
From 11/5–11/12, BTC fell about 5.9%, while the Nasdaq 100 rose about 6.4%.
During the same period, stock ETFs saw inflows of tens of billions of dollars, while Bitcoin ETFs saw consecutive outflows.
Capital isn’t leaving risk assets; it’s just avoiding crypto for now.
My plan:
・If 67K–68K holds and price climbs back above 70K → I’ll see it as a short-term stabilization signal
・If it falls below 66K → the next area to watch is around 64K
・Buy spot in batches, no leverage; don’t chase trades before the PPI release
Over $1.3 billion in liquidations today, 90% of them longs.
At times like this, protecting your capital comes first.
Your turn 👇
What are you doing right now?
A｜Starting to buy $BTC in batches
B｜Staying out and waiting for PPI
C｜Already in the market, gritting my teeth and holding
Comment A / B / C, and I’ll round up everyone’s choices and the market results tomorrow morning.
If you found this helpful, follow me. I’ll help you keep up with the key market developments every day.
#BTC #PPI #資金費率 #CryptoMarket
Here’s my take:
At this level, the panic is obvious, but “cheap” doesn’t mean “bottomed.”
I won’t rush into a trade before the PPI release at 21:30 tonight.
3 key developments today 👇
1️⃣ Fell below the 200-week moving average
$BTC hit an intraday low of around 67.6K, falling below the 200-week moving average (around 68K).
Historically, this line has often been seen as the long-term bull-bear divide. Whether the price can quickly climb back above it is key.
2️⃣ Funding rates turned negative
At noon, I said funding rates were still slightly positive and leverage hadn’t been fully flushed out.
By evening, Glassnode data showed that the average funding rate for BTC perpetuals had turned negative for the first time in a month.
Shorts are starting to pay longs, which means more people are bearish. This can sometimes happen near short-term lows, but it doesn’t guarantee a reversal.
3️⃣ Crypto and U.S. stocks “decoupled”
From 11/5–11/12, BTC fell about 5.9%, while the Nasdaq 100 rose about 6.4%.
During the same period, stock ETFs saw inflows of tens of billions of dollars, while Bitcoin ETFs saw consecutive outflows.
Capital isn’t leaving risk assets; it’s just avoiding crypto for now.
My plan:
・If 67K–68K holds and price climbs back above 70K → I’ll see it as a short-term stabilization signal
・If it falls below 66K → the next area to watch is around 64K
・Buy spot in batches, no leverage; don’t chase trades before the PPI release
Over $1.3 billion in liquidations today, 90% of them longs.
At times like this, protecting your capital comes first.
Your turn 👇
What are you doing right now?
A｜Starting to buy $BTC in batches
B｜Staying out and waiting for PPI
C｜Already in the market, gritting my teeth and holding
Comment A / B / C, and I’ll round up everyone’s choices and the market results tomorrow morning.
If you found this helpful, follow me. I’ll help you keep up with the key market developments every day.
#BTC #PPI #資金費率 #CryptoMarket