đš BTC JUST DUMPED BELOW $82K â BUT A "STABLECOIN" CRASHED TO $0.65 FIRST! â ïž
Bitcoin fell 2.9% in 24 hours to ~$81,400, breaking the $82K line again after failing at the $86,500 weekly high.
ETH dropped 4.7% to $2,425 and SOL crashed 6.9% to ~$104 â alts are bleeding harder than Bitcoin.
Here's the catch:
đ USDe â the world's 3rd-largest stablecoin â flash-crashed to $0.65 on Binance on Oct 11. Ethena says it was a Binance oracle glitch, not protocol failure: $2B was redeemed in 24 hours and the peg is back near $1.
đ§ But confidence is dented: USDe has lost ~$8.3B in outflows since the Oct 10 crash, per 10x Research.
đ US CPI drops tomorrow (headline 3.7% expected) â the next real market catalyst.
When alts dump harder than BTC, that's risk-off: money is hiding, not rotating.
CPI could snap the $80Kâ$84K range either way. Expect sharp moves, not trends.
Is $80K holding the line â or is everyone waiting for CPI to decide? đ
Not financial advice â educational purposes only.
#FSBWarnsCrossBorderStablecoinRulesRemainUnderdeveloped #Bitcoin #Ethereum #crypto
$BTC $ETH $SOL
Bitcoin fell 2.9% in 24 hours to ~$81,400, breaking the $82K line again after failing at the $86,500 weekly high.
ETH dropped 4.7% to $2,425 and SOL crashed 6.9% to ~$104 â alts are bleeding harder than Bitcoin.
Here's the catch:
đ USDe â the world's 3rd-largest stablecoin â flash-crashed to $0.65 on Binance on Oct 11. Ethena says it was a Binance oracle glitch, not protocol failure: $2B was redeemed in 24 hours and the peg is back near $1.
đ§ But confidence is dented: USDe has lost ~$8.3B in outflows since the Oct 10 crash, per 10x Research.
đ US CPI drops tomorrow (headline 3.7% expected) â the next real market catalyst.
When alts dump harder than BTC, that's risk-off: money is hiding, not rotating.
CPI could snap the $80Kâ$84K range either way. Expect sharp moves, not trends.
Is $80K holding the line â or is everyone waiting for CPI to decide? đ
Not financial advice â educational purposes only.
#FSBWarnsCrossBorderStablecoinRulesRemainUnderdeveloped #Bitcoin #Ethereum #crypto
$BTC $ETH $SOL