#bitcoinbreaksbelow200weekmovingaverage
🚨 BITCOIN FALLS BELOW ITS 200-WEEK MOVING AVERAGE (~$68,000) AS THE DOLLAR SURPASSES 103 AND YIELDS CLIMB! 📉⚠️
On Friday, November 13, Bitcoin ($BTC ) broke below one of its most important historical trend lines, plunging to $67,640–$67,652 and falling below its 200-week moving average (~$68,000).
Down about 16% over the past month and 17% this quarter, BTC has wiped out its gains since August, as tightening global liquidity and rising yields trigger a broad risk-off move across asset classes.
📌 What caused the break below $68,000?
💵 Rising dollar and Treasury yields: the U.S. Dollar Index (DXY) surpassed 103 (its highest level in 19 months, since April 2025), while the 10-year Treasury yield reached 5.125%, driven by growing expectations of a 50-basis-point Fed rate hike in December, following the release of higher-than-expected inflation figures on Tuesday.
💥 Liquidation wave exceeds $1.3 billion: more than $1.3 billion in leveraged crypto futures contracts were liquidated in 24 hours, including $677 million in Bitcoin long positions — accelerating the drop after the $70,000 level was breached.
📉 Declining on-chain activity and liquidity: the stablecoin supply fell by $14.2 billion over the past 30 days, while CryptoQuant’s Bull Score Index dropped to zero, signaling weak spot demand despite buy orders between $68,000 and $72,500.
What’s your strategy? Share in the comments 👇
$BTC
$AKE
$SOPH
🚨 BITCOIN FALLS BELOW ITS 200-WEEK MOVING AVERAGE (~$68,000) AS THE DOLLAR SURPASSES 103 AND YIELDS CLIMB! 📉⚠️
On Friday, November 13, Bitcoin ($BTC ) broke below one of its most important historical trend lines, plunging to $67,640–$67,652 and falling below its 200-week moving average (~$68,000).
Down about 16% over the past month and 17% this quarter, BTC has wiped out its gains since August, as tightening global liquidity and rising yields trigger a broad risk-off move across asset classes.
📌 What caused the break below $68,000?
💵 Rising dollar and Treasury yields: the U.S. Dollar Index (DXY) surpassed 103 (its highest level in 19 months, since April 2025), while the 10-year Treasury yield reached 5.125%, driven by growing expectations of a 50-basis-point Fed rate hike in December, following the release of higher-than-expected inflation figures on Tuesday.
💥 Liquidation wave exceeds $1.3 billion: more than $1.3 billion in leveraged crypto futures contracts were liquidated in 24 hours, including $677 million in Bitcoin long positions — accelerating the drop after the $70,000 level was breached.
📉 Declining on-chain activity and liquidity: the stablecoin supply fell by $14.2 billion over the past 30 days, while CryptoQuant’s Bull Score Index dropped to zero, signaling weak spot demand despite buy orders between $68,000 and $72,500.
What’s your strategy? Share in the comments 👇
$BTC
$AKE
$SOPH
