First, this:
The crypto market was “bloodbath” territory, mainly due to rising expectations of multiple Fed rate hikes, continued ETF net outflows, and a selloff in tech stocks.
ETF flows have been one of the main themes lately, and changes in flows are worth watching more closely than daily price movements.
Major coins:
$BTC 64,746.93 (-4.1%) | $ETH 1810.96 (-4.97%) | BNB 591.47 (-5.23%) | SOL 71.12 (-6.06%)
The broader market has pulled back significantly. Be mindful of position sizing.
A few updates from today:
1. SIGN will unlock approximately $2.48 million worth of tokens tomorrow (November 16), equivalent to 10.5% of the circulating supply
Top gainers and losers:
Top gainers: EVAA +57.04%, SOPH +17.09%, PIEVERSE +10.21%
Top losers: KAVA -58.26%, AGT -27.24%, BERA -25.89%
Trending discussions:
Market sentiment and flows:
Fear & Greed Index: 10 (Extreme Fear), down 3 from yesterday
$50.05 million in liquidations across the market in the past hour, with long positions accounting for 93.7%
My take:
Liquidation data shows you who's swimming naked.
What do you think of today's market? Share your thoughts in the comments.