The 67,568 level we asked about last night wasn’t reclaimed. The 66,456 level, which held temporarily in the afternoon, was also smashed through overnight, with the low already hitting 62,511.
Bitcoin is now at 62,698, down about 8.3% in 24 hours. Ethereum is at 1,730, down about 10.4%. It was still above 67,000 last night, then dropped more than 4,000 overnight—its lowest level since mid-August.
As of 7 a.m. Singapore time, about $1.9 billion in futures positions were liquidated over the past 24 hours: roughly $684 million in Bitcoin and $466 million in Ethereum. The vast majority were long positions. There’s no new U.S. data this weekend. The next major release is Japan’s preliminary Q3 GDP at 7:50 a.m. Monday, along with China’s industrial output and retail sales figures that same day.
First, the price needs to stabilize above 62,511; then we can talk about reclaiming 66,456, which was lost this afternoon. Further down, liquidations are still clustered between 59,500 and 62,600, and the low has already touched the upper edge of this range.
Can 62,511 hold through the morning session?
$BTC $ETH
#BTC #比特币跌破200周均线 #Crypto and U.S. stocks fall together—where will the next rebound’s catalyst come from?
Bitcoin is now at 62,698, down about 8.3% in 24 hours. Ethereum is at 1,730, down about 10.4%. It was still above 67,000 last night, then dropped more than 4,000 overnight—its lowest level since mid-August.
As of 7 a.m. Singapore time, about $1.9 billion in futures positions were liquidated over the past 24 hours: roughly $684 million in Bitcoin and $466 million in Ethereum. The vast majority were long positions. There’s no new U.S. data this weekend. The next major release is Japan’s preliminary Q3 GDP at 7:50 a.m. Monday, along with China’s industrial output and retail sales figures that same day.
First, the price needs to stabilize above 62,511; then we can talk about reclaiming 66,456, which was lost this afternoon. Further down, liquidations are still clustered between 59,500 and 62,600, and the low has already touched the upper edge of this range.
Can 62,511 hold through the morning session?
$BTC $ETH
#BTC #比特币跌破200周均线 #Crypto and U.S. stocks fall together—where will the next rebound’s catalyst come from?