☀️ Morning Brief | November 14
📉 $BTC fell below $70,000, hitting its lowest level since August, while $ETH dropped below $2,000. Total liquidations across the market topped $1.6 billion. The Fear and Greed Index fell to 20, entering the “Extreme Fear” zone (28 a week ago, 62 a month ago).
🔍 Coinbase Institutional Weekly: The main driver of this downturn is a shift in expectations for Fed policy (a 25-basis-point rate hike in December is fully priced in, with 64 basis points of hikes expected over the next 12 months), rather than the Binance hack. Stablecoin supply saw a record $11.5 billion contraction over 30 days. If prices continue to break below $73,000, they are likely to test the $66,000–$68,000 support zone.
💸 Spot Bitcoin ETFs saw cumulative net outflows of about $880 million from Monday through Thursday, with IBIT leading outflows throughout. MSCI announced that it will remove Strategy from its major indexes on December 1, potentially triggering about $2.8 billion in selling pressure (JPMorgan estimates this could reach $8.8 billion if other indexes follow suit).
✨ Highlights: Aave V4 deposits topped $1.3 billion, with protocol revenue at $44.6 million; Tether Gold was audited by KPMG; JPMorgan’s crypto-related holdings neared $1 billion.
Extreme fear is often seen as a contrarian signal, but manage your positions carefully until there’s confirmation of a reversal.
NFA | DYOR
#比特币 #加密货币 #BTC #ETF #Binance Square
📉 $BTC fell below $70,000, hitting its lowest level since August, while $ETH dropped below $2,000. Total liquidations across the market topped $1.6 billion. The Fear and Greed Index fell to 20, entering the “Extreme Fear” zone (28 a week ago, 62 a month ago).
🔍 Coinbase Institutional Weekly: The main driver of this downturn is a shift in expectations for Fed policy (a 25-basis-point rate hike in December is fully priced in, with 64 basis points of hikes expected over the next 12 months), rather than the Binance hack. Stablecoin supply saw a record $11.5 billion contraction over 30 days. If prices continue to break below $73,000, they are likely to test the $66,000–$68,000 support zone.
💸 Spot Bitcoin ETFs saw cumulative net outflows of about $880 million from Monday through Thursday, with IBIT leading outflows throughout. MSCI announced that it will remove Strategy from its major indexes on December 1, potentially triggering about $2.8 billion in selling pressure (JPMorgan estimates this could reach $8.8 billion if other indexes follow suit).
✨ Highlights: Aave V4 deposits topped $1.3 billion, with protocol revenue at $44.6 million; Tether Gold was audited by KPMG; JPMorgan’s crypto-related holdings neared $1 billion.
Extreme fear is often seen as a contrarian signal, but manage your positions carefully until there’s confirmation of a reversal.
NFA | DYOR
#比特币 #加密货币 #BTC #ETF #Binance Square