📉 Market Update | Bitcoin falls below $64,000 as liquidations sweep across the market
Saturday’s market data doesn’t look great. Here are today’s key numbers:
📊 Top coins: 24-hour performance
$BTC: $64,104, down 6.2%; briefly fell below $64,000 intraday, its lowest level since August
$ETH: $1,768, down 8.5%, falling more than Bitcoin
BNB: $581.8, down 7.8%
Solana: $70.2, down 10.2%, the steepest drop among major coins
💥 Liquidation data is today’s main focus
According to CoinGlass, about $690 million was liquidated across the market in the past hour, with long positions accounting for 97%. Total liquidations over 24 hours came to about $1.8 billion, the vast majority of them bullish long positions. Leverage was piled on too heavily, so even a small drop triggered a chain reaction.
📤 ETF flows are also continuing to bleed
U.S. spot Bitcoin ETFs have recorded net outflows for seven consecutive trading days, with cumulative outflows of about $1.91 billion since November 5. Cooling institutional demand is an important backdrop to this downturn.
📈 A look back at this week’s trend
Bitcoin has fallen more than 20% since October 21 and is likely to post its sixth consecutive weekly loss. The market Fear and Greed Index is at 28, in the Fear zone.
A few things to keep in mind: A technical rebound may follow the short-term oversold conditions, but be cautious about buying the dip until sustained ETF outflows ease and leveraged positions have been fully cleared. The key level to watch is around $63,000; if it breaks, prices may continue lower in search of support.
Do you think this is a short-term bottom, or just a pause in the decline?
#比特币 #加密市场 #数据追踪 #BTC Market Update
⚠️ Personal opinion. DYOR and be mindful of the risks.
Saturday’s market data doesn’t look great. Here are today’s key numbers:
📊 Top coins: 24-hour performance
$BTC: $64,104, down 6.2%; briefly fell below $64,000 intraday, its lowest level since August
$ETH: $1,768, down 8.5%, falling more than Bitcoin
BNB: $581.8, down 7.8%
Solana: $70.2, down 10.2%, the steepest drop among major coins
💥 Liquidation data is today’s main focus
According to CoinGlass, about $690 million was liquidated across the market in the past hour, with long positions accounting for 97%. Total liquidations over 24 hours came to about $1.8 billion, the vast majority of them bullish long positions. Leverage was piled on too heavily, so even a small drop triggered a chain reaction.
📤 ETF flows are also continuing to bleed
U.S. spot Bitcoin ETFs have recorded net outflows for seven consecutive trading days, with cumulative outflows of about $1.91 billion since November 5. Cooling institutional demand is an important backdrop to this downturn.
📈 A look back at this week’s trend
Bitcoin has fallen more than 20% since October 21 and is likely to post its sixth consecutive weekly loss. The market Fear and Greed Index is at 28, in the Fear zone.
A few things to keep in mind: A technical rebound may follow the short-term oversold conditions, but be cautious about buying the dip until sustained ETF outflows ease and leveraged positions have been fully cleared. The key level to watch is around $63,000; if it breaks, prices may continue lower in search of support.
Do you think this is a short-term bottom, or just a pause in the decline?
#比特币 #加密市场 #数据追踪 #BTC Market Update
⚠️ Personal opinion. DYOR and be mindful of the risks.