First, here's what happened:
The crypto market was “wiped out,” mainly due to heightened expectations of multiple Fed rate hikes, continued net outflows from ETFs, and a sell-off in tech stocks.
ETF fund flows have been one of the main themes lately; changes in flows are more worth watching than daily price moves.
Let's look at the market first:
$BTC 64,879.55 (-4.08%)｜$ETH 1817.35 (-4.92%)｜BNB 592.9 (-5.29%)｜SOL 71.2 (-6.52%)
The drop is fairly sharp—don't rush to buy the dip.
Sentiment and capital flows:
Fear & Greed Index: 10 (extreme fear), down 3 from yesterday
BTC global long/short account ratio: 3.13, with longs accounting for 75.8%
$49.88 million in crypto liquidations over the past hour, with long positions accounting for 94.1%
Top gainers and losers:
Top gainers: EVAA +57.26%, SOPH +14.13%, PIEVERSE +10.63%
Top losers: KAVA -57.92%, AGT -27.54%, BERA -26.93%
What everyone's talking about:
#Kava称异常跨链活动仅限KavaLend #泰国推出WORPT支持游客加密货币兑泰铢消费
A few updates for today:
1. SIGN will unlock approximately $2.47 million worth of tokens tomorrow (November 16), equivalent to 10.5% of its circulating supply
2. Data: Strategy's unrealized loss on its Bitcoin holdings has grown to $11.14 billion
A quick thought:
A cup of coffee and a morning briefing—let's take it steady today, too.
Which news story are you most interested in today?
Just sharing my thoughts; this is not investment advice.