📉 Bitcoin $BTC fell 5.6% to around $69,300 after U.S. October CPI rose 0.4%, higher than forecast.
📌 Liquidations concentrated in leveraged long positions were the direct cause, according to Tim Sun (HashKey); U.S. spot Bitcoin ETFs saw net outflows for six consecutive days.
📌 Global crypto market capitalization shed 4.6% to $2.39 trillion; $ETH fell 4.6% to $1,953, $BNB fell 4.7% to $639.46, and SOL fell 3.1% to $80.47.
Defensive capital flows are clearly evident, as ETFs, stablecoin liquidity, and corporate treasuries all weaken, putting direct pressure on BTC and altcoins.
💬 Are you holding cash and waiting for a new bottom, or taking the opportunity to buy the dip around $69K?
#Bitcoin #CryptoNews
🔗 Source: Decrypt
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Liquidations concentrated in leveraged long positions were the direct cause, according to Tim Sun (HashKey); U.S. spot Bitcoin ETFs saw net outflows for six consecutive days.
📌 Global crypto market capitalization shed 4.6% to $2.39 trillion; $ETH fell 4.6% to $1,953, $BNB fell 4.7% to $639.46, and SOL fell 3.1% to $80.47.
Defensive capital flows are clearly evident, as ETFs, stablecoin liquidity, and corporate treasuries all weaken, putting direct pressure on BTC and altcoins.
💬 Are you holding cash and waiting for a new bottom, or taking the opportunity to buy the dip around $69K?
#Bitcoin #CryptoNews
🔗 Source: Decrypt
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).