The most notable thing about this weekend’s drop isn’t that it hit another new low—it’s that all three weekly lows everyone was watching have been broken.
$BTC is currently around $65.1K, down 5.1% in 24 hours and about 14% over 7 days, with an intraday low of $65,072.
All three support levels Capital Street marked out at noon on Saturday have been breached: BTC 66,397, $ETH 1,875, and $SOL 74.74. They’re now at $65,076, $1,816, and $72.2, respectively.
The hardest-hit weren’t BTC but the altcoins: SOL fell 9.1% in a day and ETH dropped 5.7%; both are down nearly 18% over 7 days.
The Fear and Greed Index is at 13, in extreme fear territory, down from 20 yesterday.
This leg down didn’t happen quietly: in a CoinGlass snapshot at 16:06 UTC, $422 million was liquidated over the past 4 hours, 95% of it long positions. The break below $66K triggered another wave of liquidations.
My take: this isn’t a random accident caused by thin weekend liquidity. It’s the market choosing to “sell first” ahead of next week’s verdict week—Waller speaks Monday, retail sales and Nvidia earnings are Tuesday, FOMC minutes come Wednesday, and Anthropic’s IPO is Thursday. It’s a whole week of catalysts that could change the direction, and nobody wants to step in early over the weekend.
The key point: 66,397 was the last level of consensus support for the bulls. If it breaks and can’t be reclaimed, the claim that “the weekly lows held” is no longer valid. The next level in focus is the psychological $60K mark.
Watch three things next: whether Sunday’s weekly close can reclaim 66,397 and the 200-week moving average, around $67.9K; whether ETF flows continue to outflow on Monday or stabilize; and whether risk sentiment holds steady around Nvidia’s earnings or sells off again.
Do you think this weekend’s drop has already priced in next week’s bad news, or is the decline only just beginning?
#比特币 #以太坊 #英伟达 #Federal Reserve
The above is only a summary of market information and does not constitute investment advice.
$BTC is currently around $65.1K, down 5.1% in 24 hours and about 14% over 7 days, with an intraday low of $65,072.
All three support levels Capital Street marked out at noon on Saturday have been breached: BTC 66,397, $ETH 1,875, and $SOL 74.74. They’re now at $65,076, $1,816, and $72.2, respectively.
The hardest-hit weren’t BTC but the altcoins: SOL fell 9.1% in a day and ETH dropped 5.7%; both are down nearly 18% over 7 days.
The Fear and Greed Index is at 13, in extreme fear territory, down from 20 yesterday.
This leg down didn’t happen quietly: in a CoinGlass snapshot at 16:06 UTC, $422 million was liquidated over the past 4 hours, 95% of it long positions. The break below $66K triggered another wave of liquidations.
My take: this isn’t a random accident caused by thin weekend liquidity. It’s the market choosing to “sell first” ahead of next week’s verdict week—Waller speaks Monday, retail sales and Nvidia earnings are Tuesday, FOMC minutes come Wednesday, and Anthropic’s IPO is Thursday. It’s a whole week of catalysts that could change the direction, and nobody wants to step in early over the weekend.
The key point: 66,397 was the last level of consensus support for the bulls. If it breaks and can’t be reclaimed, the claim that “the weekly lows held” is no longer valid. The next level in focus is the psychological $60K mark.
Watch three things next: whether Sunday’s weekly close can reclaim 66,397 and the 200-week moving average, around $67.9K; whether ETF flows continue to outflow on Monday or stabilize; and whether risk sentiment holds steady around Nvidia’s earnings or sells off again.
Do you think this weekend’s drop has already priced in next week’s bad news, or is the decline only just beginning?
#比特币 #以太坊 #英伟达 #Federal Reserve
The above is only a summary of market information and does not constitute investment advice.