☀️ Morning Brief | BTC falls below $70,000 as extreme fear grips the market
$BTC fell below $70,000 yesterday, hitting its lowest level since August. Over $1.6 billion in positions were liquidated across the market, and the Fear & Greed Index fell to 20 (Extreme Fear).
📊 The Coinbase Institutional Weekly Report points to expectations of Fed rate hikes—not security incidents—as the main reason for the decline. Markets have fully priced in a 25 bp rate hike in December, with cumulative hikes of 64 bp expected over the next 12 months. Stablecoin supply saw a record contraction of $11.5 billion over 30 days. BTC spot ETFs recorded $880 million in net outflows this week, while ETH ETFs saw $400 million in outflows, as institutions continue to withdraw funds.
⚠️ Key levels: A confirmed break below $73,000 could lead to a test of the $66,000–$68,000 support zone. Additionally, MSCI will remove Strategy from its major indexes on December 1, potentially triggering around $2.8 billion in selling pressure.
Moments of panic are often a chance to watch for opportunities to position, but wait for signs of stabilization first and manage your exposure carefully.
NFA | DYOR
#比特币 #BTC #加密货币 #早报 #Market Analysis
$BTC fell below $70,000 yesterday, hitting its lowest level since August. Over $1.6 billion in positions were liquidated across the market, and the Fear & Greed Index fell to 20 (Extreme Fear).
📊 The Coinbase Institutional Weekly Report points to expectations of Fed rate hikes—not security incidents—as the main reason for the decline. Markets have fully priced in a 25 bp rate hike in December, with cumulative hikes of 64 bp expected over the next 12 months. Stablecoin supply saw a record contraction of $11.5 billion over 30 days. BTC spot ETFs recorded $880 million in net outflows this week, while ETH ETFs saw $400 million in outflows, as institutions continue to withdraw funds.
⚠️ Key levels: A confirmed break below $73,000 could lead to a test of the $66,000–$68,000 support zone. Additionally, MSCI will remove Strategy from its major indexes on December 1, potentially triggering around $2.8 billion in selling pressure.
Moments of panic are often a chance to watch for opportunities to position, but wait for signs of stabilization first and manage your exposure carefully.
NFA | DYOR
#比特币 #BTC #加密货币 #早报 #Market Analysis