BTC is heading for its SIXTH straight weekly loss — and the Fed basically called it 3 days early.
The Fed's November financial stability report (Nov 13) warned asset valuations were elevated and hedge fund leverage was at its highest in over a decade. Three days later, BTC wicked to $62,006 — its lowest since July.
The damage so far:
📉 BTC ~$65,500 now, -13.4% over 5 sessions, -22% in a month
💸 Spot BTC ETFs: 7 straight sessions of outflows, ~$1.91B in a week
💥 ~$2B liquidated in 24h, mostly longs
😱 Fear & Greed: 10 — Extreme Fear
📊 Total crypto market cap down 9.7% to $2.16T
The Fed didn't predict crypto — but it named the exact conditions: stretched valuations + record leverage. When that unwinds, a 7% BTC move becomes a 10% altcoin move.
Spot buyers, is $62K the bottom or just a stop on the way to $60K?
Not financial advice. DYOR.
#Bitcoin #Crypto #Fed
The Fed's November financial stability report (Nov 13) warned asset valuations were elevated and hedge fund leverage was at its highest in over a decade. Three days later, BTC wicked to $62,006 — its lowest since July.
The damage so far:
📉 BTC ~$65,500 now, -13.4% over 5 sessions, -22% in a month
💸 Spot BTC ETFs: 7 straight sessions of outflows, ~$1.91B in a week
💥 ~$2B liquidated in 24h, mostly longs
😱 Fear & Greed: 10 — Extreme Fear
📊 Total crypto market cap down 9.7% to $2.16T
The Fed didn't predict crypto — but it named the exact conditions: stretched valuations + record leverage. When that unwinds, a 7% BTC move becomes a 10% altcoin move.
Spot buyers, is $62K the bottom or just a stop on the way to $60K?
Not financial advice. DYOR.
#Bitcoin #Crypto #Fed