📰 Crypto Morning Brief | November 14, Saturday
Markets continued to hit new lows overnight: BTC fell below $70,000, its lowest level since August. More than $1.6 billion in positions were liquidated across the market, and the Fear & Greed Index dropped to 20 (Extreme Fear). ETH lost the $2,000 level, while XRP fell 13.6% for the week.
A Coinbase institutional research report said the main driver of this downturn was growing expectations of Fed rate hikes—the market has priced in a 25-basis-point hike in December. Stablecoin supply contracted by a record $11.5 billion over 30 days. Spot BTC ETFs saw net outflows of $880 million this week. Coinbase warned that if BTC remains below $73,000, the next support zone is $66,000–$68,000.
There were a few bright spots amid the negative news: Aave V4 deposits exceeded $1.3 billion, with protocol revenue at $44.6 million; deposits on Avalanche surged 295%; and BlackRock clients hold more than 5.2% of Strategy's shares, according to Hyperliquid. In addition, MSCI will remove Strategy from its major indices on December 1, potentially triggering $2.8 billion in selling pressure.
Extreme fear has historically been a contrarian signal, but trying to catch a falling knife still calls for careful position sizing.
NFA | DYOR
#比特币 #加密货币 #以太坊 #Web3 #Binance Square
Markets continued to hit new lows overnight: BTC fell below $70,000, its lowest level since August. More than $1.6 billion in positions were liquidated across the market, and the Fear & Greed Index dropped to 20 (Extreme Fear). ETH lost the $2,000 level, while XRP fell 13.6% for the week.
A Coinbase institutional research report said the main driver of this downturn was growing expectations of Fed rate hikes—the market has priced in a 25-basis-point hike in December. Stablecoin supply contracted by a record $11.5 billion over 30 days. Spot BTC ETFs saw net outflows of $880 million this week. Coinbase warned that if BTC remains below $73,000, the next support zone is $66,000–$68,000.
There were a few bright spots amid the negative news: Aave V4 deposits exceeded $1.3 billion, with protocol revenue at $44.6 million; deposits on Avalanche surged 295%; and BlackRock clients hold more than 5.2% of Strategy's shares, according to Hyperliquid. In addition, MSCI will remove Strategy from its major indices on December 1, potentially triggering $2.8 billion in selling pressure.
Extreme fear has historically been a contrarian signal, but trying to catch a falling knife still calls for careful position sizing.
NFA | DYOR
#比特币 #加密货币 #以太坊 #Web3 #Binance Square