【11.14 Morning Brief | BTC falls below $70,000 as extreme fear spreads】
Overnight highlights:
📉 $BTC fell below $70,000, hitting its lowest level since August and briefly touching $68,000; total liquidations across the market exceeded $1.6 billion
😱 The Fear & Greed Index fell to 20 (Extreme Fear), down from 28 a week ago
🏦 Coinbase institutional research: The main driver of the decline is expectations of a Fed rate hike (markets have fully priced in a 25 bps hike in December), not the hacking incident; stablecoin supply saw a record contraction of $11.5 billion in 30 days
💸 BTC spot ETFs saw net outflows of $880 million this week, with IBIT recording outflows for four consecutive days
⚠️ MSCI announced it will remove Strategy from its major indices on December 1, potentially triggering $2.8 billion in selling pressure
🌊 Contrarian tailwinds: PNC and Coinbase launch a USDC payments pilot, Visa adds the Monad settlement network, and BlackRock clients hold over 5.2% of the shares in Hyperliquid treasury company
Key levels: Coinbase warns that if $73,000 fails to hold, support could lie at $66K–$68K. Stay clear-headed amid fear; don’t surrender your holdings at the bottom.
NFA | DYOR
#比特币 #加密货币 #BTC #币安广场 #Web3
Overnight highlights:
📉 $BTC fell below $70,000, hitting its lowest level since August and briefly touching $68,000; total liquidations across the market exceeded $1.6 billion
😱 The Fear & Greed Index fell to 20 (Extreme Fear), down from 28 a week ago
🏦 Coinbase institutional research: The main driver of the decline is expectations of a Fed rate hike (markets have fully priced in a 25 bps hike in December), not the hacking incident; stablecoin supply saw a record contraction of $11.5 billion in 30 days
💸 BTC spot ETFs saw net outflows of $880 million this week, with IBIT recording outflows for four consecutive days
⚠️ MSCI announced it will remove Strategy from its major indices on December 1, potentially triggering $2.8 billion in selling pressure
🌊 Contrarian tailwinds: PNC and Coinbase launch a USDC payments pilot, Visa adds the Monad settlement network, and BlackRock clients hold over 5.2% of the shares in Hyperliquid treasury company
Key levels: Coinbase warns that if $73,000 fails to hold, support could lie at $66K–$68K. Stay clear-headed amid fear; don’t surrender your holdings at the bottom.
NFA | DYOR
#比特币 #加密货币 #BTC #币安广场 #Web3