🔴 $BTC Weekend Crash: What's really behind the dump?
Bitcoin slid to ~$65K, its weakest level since mid-August and down ~14% in 7 days.
Why?
• Fed: a 25bp hike on Dec 9 is almost fully priced in
• Dollar at a 19-month high, 10Y yield ~5.1%
• Spot BTC ETFs: $1B+ outflows last week
• $1B+ in liquidations wiped out leveraged longs
Watch next: Nvidia earnings on Tuesday, and any jump in yields when markets reopen.
RSI is oversold, so a bounce is possible, but the macro pressure hasn't gone away.
Your view: bounce toward $70K or a retest of $60K? 👇
#Bitcoin #BTC #Fed #CryptoNews
Bitcoin slid to ~$65K, its weakest level since mid-August and down ~14% in 7 days.
Why?
• Fed: a 25bp hike on Dec 9 is almost fully priced in
• Dollar at a 19-month high, 10Y yield ~5.1%
• Spot BTC ETFs: $1B+ outflows last week
• $1B+ in liquidations wiped out leveraged longs
Watch next: Nvidia earnings on Tuesday, and any jump in yields when markets reopen.
RSI is oversold, so a bounce is possible, but the macro pressure hasn't gone away.
Your view: bounce toward $70K or a retest of $60K? 👇
#Bitcoin #BTC #Fed #CryptoNews
