Bitcoin briefly fell below $67,000 and Ethereum dropped to around $1,875, with both hitting three-month lows.
From November 13 to 14, Bitcoin's 24-hour decline briefly exceeded 6%, while Ethereum fell more than 5%. Bitcoin touched an intraday low in the range of approximately $66,900–$67,555, its lowest level since mid-August. Ethereum also dipped to around $1,875–$1,900, likewise marking a three-month low.
U.S. inflation data for October came in higher than expected, reinforcing market expectations of further Federal Reserve rate hikes. Treasury yields rose, the dollar strengthened, and risk assets remained under pressure.
U.S. spot Bitcoin ETFs continued to see net outflows, totaling more than $1 billion recently, while institutional buying weakened noticeably.
The Jensen Huang scandal also heightened risk aversion. Leveraged long positions faced large-scale liquidations, with approximately $1.6 billion liquidated in 24 hours; nearly 90% were long positions.
Bitcoin has fallen below key support near its 200-week moving average, and the pullback from its previous rebound high has deepened.
The market is watching to see whether $67,000 can hold as effective support. If it fails, the price could test the $60,000 area next. Ethereum is relatively weaker, with the ETH/BTC ratio remaining under pressure.
Prices have edged up from their lows, but the overall trend remains bearish. Key factors to watch include the direction of Treasury yields, whether ETF fund flows stabilize, and how macroeconomic data further affects interest rate expectations.
But I'm still bearish: $BTC is waiting for a break below 65,000, and $ETH is waiting for a break below 1,700.
#比特币跌破200周均线
From November 13 to 14, Bitcoin's 24-hour decline briefly exceeded 6%, while Ethereum fell more than 5%. Bitcoin touched an intraday low in the range of approximately $66,900–$67,555, its lowest level since mid-August. Ethereum also dipped to around $1,875–$1,900, likewise marking a three-month low.
U.S. inflation data for October came in higher than expected, reinforcing market expectations of further Federal Reserve rate hikes. Treasury yields rose, the dollar strengthened, and risk assets remained under pressure.
U.S. spot Bitcoin ETFs continued to see net outflows, totaling more than $1 billion recently, while institutional buying weakened noticeably.
The Jensen Huang scandal also heightened risk aversion. Leveraged long positions faced large-scale liquidations, with approximately $1.6 billion liquidated in 24 hours; nearly 90% were long positions.
Bitcoin has fallen below key support near its 200-week moving average, and the pullback from its previous rebound high has deepened.
The market is watching to see whether $67,000 can hold as effective support. If it fails, the price could test the $60,000 area next. Ethereum is relatively weaker, with the ETH/BTC ratio remaining under pressure.
Prices have edged up from their lows, but the overall trend remains bearish. Key factors to watch include the direction of Treasury yields, whether ETF fund flows stabilize, and how macroeconomic data further affects interest rate expectations.
But I'm still bearish: $BTC is waiting for a break below 65,000, and $ETH is waiting for a break below 1,700.
#比特币跌破200周均线