📊 BTC $68,390 🔴-4.2% | ETH $1,922 🔴-3.8% | SOL $79 🔴-2.1% | BNB $631 🔴-3.2% | BTC Dom 58.9% | Fear&Greed 20 Extreme Fear
Retail has piled into BNB longs, while smart money is sitting back and watching.
And BTC is below $68k, at a 12-week low. Today, $870M in longs were liquidated, taking the price from 72 to 67.5 in a single hour. RSI is at 21, so people are talking about a bounce. But, man, oversold can stay oversold during a macro dump too—this is knife-catching territory. OBV is down, taker buy is at 0.83x, and sellers are in control. Funding has cooled to +0.0013%, but OI is down only 2%, which means there hasn’t been a full flush, just a slight easing. There’s still fuel for a squeeze.
Macro is pushing the other way. PPI points to broad inflation, BofA is talking about a January rate hike, the 10Y is hardening, and the S&P is sliding. Gold is at $3,877—money is flowing into safe havens, not crypto. Gold up and BTC down doesn’t mean rotation; it means capital flight. A strong dollar plus this combination is the worst for crypto.
Look at the levels. $67,568 is moderate support—it could break on a single wick. If we close below it, the door opens to $60k. I won’t do anything new until we reclaim the $69k pivot above.
Don’t short BNB. Retail longs are crowded, but funding is flat, the signal is weak, and if a relief bounce comes, you could take a double loss.
My plan is simple: sit in cash, watch whether $67.5k holds, and keep an eye on the 10Y and S&P.
This is my view, not financial advice. What do you think—long or wait?
#Trading #Binance #Bitcoin #Ethereum #Crypto
Retail has piled into BNB longs, while smart money is sitting back and watching.
And BTC is below $68k, at a 12-week low. Today, $870M in longs were liquidated, taking the price from 72 to 67.5 in a single hour. RSI is at 21, so people are talking about a bounce. But, man, oversold can stay oversold during a macro dump too—this is knife-catching territory. OBV is down, taker buy is at 0.83x, and sellers are in control. Funding has cooled to +0.0013%, but OI is down only 2%, which means there hasn’t been a full flush, just a slight easing. There’s still fuel for a squeeze.
Macro is pushing the other way. PPI points to broad inflation, BofA is talking about a January rate hike, the 10Y is hardening, and the S&P is sliding. Gold is at $3,877—money is flowing into safe havens, not crypto. Gold up and BTC down doesn’t mean rotation; it means capital flight. A strong dollar plus this combination is the worst for crypto.
Look at the levels. $67,568 is moderate support—it could break on a single wick. If we close below it, the door opens to $60k. I won’t do anything new until we reclaim the $69k pivot above.
Don’t short BNB. Retail longs are crowded, but funding is flat, the signal is weak, and if a relief bounce comes, you could take a double loss.
My plan is simple: sit in cash, watch whether $67.5k holds, and keep an eye on the 10Y and S&P.
This is my view, not financial advice. What do you think—long or wait?
#Trading #Binance #Bitcoin #Ethereum #Crypto