đ In-Depth Analysis: The Real Force Behind $BTC Falling Below $70,000
Last night, $BTC briefly fell to $68,000, its lowest level since August. Liquidations across the crypto market exceeded $1.6 billion, and the Fear & Greed Index dropped to 20 (extreme fear).
Coinbase Institutionalâs weekly report says the main cause of this downturn wasnât the Binance hack, but a reversal in expectations for Fed policy: Octoberâs nonfarm payrolls and CPI both came in above expectations, and markets have now fully priced in a 25-basis-point rate hike in December, with cumulative hikes of 64 basis points expected over the next 12 months.
Three key signals:
â Stablecoin supply saw a record 30-day contraction of $11.5 billion, drying up fresh capital in the market.
⥠Spot BTC ETFs saw $880 million in net outflows this week. IBIT alone saw over $200 million flow out in a single day, as institutions continued to pull back.
⢠If the price continues to hold below $73,000, it will likely test the $66,000â$68,000 support zone.
On the other hand, Aave V4 deposits topped $1.3 billion, while protocol revenue hit a record $44.6 millionâDeFi fundamentals havenât collapsed. Extreme fear has historically been a contrarian indicator. At this point, itâs not about having the courage to buy the dip, but about managing cash flow: keep enough reserves and donât spend all your ammunition too early.
NFA | DYOR
#ćŻçšĺ¸ #BTC #ĺ ĺŻč´§ĺ¸ #ETF #MarketAnalysis
Last night, $BTC briefly fell to $68,000, its lowest level since August. Liquidations across the crypto market exceeded $1.6 billion, and the Fear & Greed Index dropped to 20 (extreme fear).
Coinbase Institutionalâs weekly report says the main cause of this downturn wasnât the Binance hack, but a reversal in expectations for Fed policy: Octoberâs nonfarm payrolls and CPI both came in above expectations, and markets have now fully priced in a 25-basis-point rate hike in December, with cumulative hikes of 64 basis points expected over the next 12 months.
Three key signals:
â Stablecoin supply saw a record 30-day contraction of $11.5 billion, drying up fresh capital in the market.
⥠Spot BTC ETFs saw $880 million in net outflows this week. IBIT alone saw over $200 million flow out in a single day, as institutions continued to pull back.
⢠If the price continues to hold below $73,000, it will likely test the $66,000â$68,000 support zone.
On the other hand, Aave V4 deposits topped $1.3 billion, while protocol revenue hit a record $44.6 millionâDeFi fundamentals havenât collapsed. Extreme fear has historically been a contrarian indicator. At this point, itâs not about having the courage to buy the dip, but about managing cash flow: keep enough reserves and donât spend all your ammunition too early.
NFA | DYOR
#ćŻçšĺ¸ #BTC #ĺ ĺŻč´§ĺ¸ #ETF #MarketAnalysis