Data-blind weekend: BTC falls to $62,000 in the early hours of Sunday
U.S. stock markets closed, Bitcoin ETFs weren’t trading — but crypto never sleeps. While Wall Street took a break, BTC plunged to $62,000, its lowest level since early July, then bounced back by more than $3,500 in just a few hours.
According to ApeX, the lowest hourly candle closed at $62,603 (01:00 UTC 15/11), with its wick touching exactly $62,000 — where stop-loss orders were concentrated — before recovering 3.66% in the following hour. BTC lost 12.71% over the week.
Leverage was wiped out: ~ $1.96 billion was liquidated in 24 hours, including ~ $750 million in BTC, mostly long positions. The Fear & Greed Index is down to just 10–13.
BTC is currently around $64,700. Next week: U.S. futures markets open Monday evening, Fed Chair Warsh speaks, and Nvidia reports earnings on 17/11.
Do you think $62,000 was the true bottom, or just a “trap” before another test of $60,000? 🤔
$ZRO down 10.71% in 24 hours to ~ $1.39 — the steepest decline among the top 100 that hasn’t been mentioned recently. No specific news; an unlock of ~23.9 million ZRO on 19/11 is looming.
#CryptoNews #Bitcoin #BTC #Crypto
Note: Market information, not investment advice.
U.S. stock markets closed, Bitcoin ETFs weren’t trading — but crypto never sleeps. While Wall Street took a break, BTC plunged to $62,000, its lowest level since early July, then bounced back by more than $3,500 in just a few hours.
According to ApeX, the lowest hourly candle closed at $62,603 (01:00 UTC 15/11), with its wick touching exactly $62,000 — where stop-loss orders were concentrated — before recovering 3.66% in the following hour. BTC lost 12.71% over the week.
Leverage was wiped out: ~ $1.96 billion was liquidated in 24 hours, including ~ $750 million in BTC, mostly long positions. The Fear & Greed Index is down to just 10–13.
BTC is currently around $64,700. Next week: U.S. futures markets open Monday evening, Fed Chair Warsh speaks, and Nvidia reports earnings on 17/11.
Do you think $62,000 was the true bottom, or just a “trap” before another test of $60,000? 🤔
$ZRO down 10.71% in 24 hours to ~ $1.39 — the steepest decline among the top 100 that hasn’t been mentioned recently. No specific news; an unlock of ~23.9 million ZRO on 19/11 is looming.
#CryptoNews #Bitcoin #BTC #Crypto
Note: Market information, not investment advice.
