🐉 BTC DUMPS BELOW $78,000, THE WHOLE RALLY IS UNWINDING
👉 BTC is at $77,579 right now, down hard from today's $81,200 high. That is a $3,621 drop from the top, and price is sitting almost on the 24h low at $77,571.
👉 ETH is at $2,317, down from a $2,451 high. SOL is at $91.92, down from $98.16. The dump is market wide, not just Bitcoin.
👉 Total crypto market cap is $2.64T, down 2.49% in 24h. BTC dominance holds at 59.4%, so money is leaving the market, not rotating into alts.
👉 This is the other side of this morning's squeeze. The last liquidation round cleared $992M in 24h, with $577M of that in shorts. Once the squeeze ran out, there were no fresh buyers to hold $80,000.
👉 Macro is not helping. The Bank of England hiked to 4.00% today, Fed speakers leaned hawkish on a December hike, and the market is now waiting for US Nonfarm Payrolls tomorrow at 20:30 ICT.
👉 Levels to watch: hold above $77,571, or the next line everyone is watching is $76,000, the low from earlier this week. BTC needs to reclaim $80,000 to cancel this dump.
#BinanceSquare #Bitcoin #BTC #Crypto
Stay sharp, tomorrow's payrolls print will decide the next leg.
👉 BTC is at $77,579 right now, down hard from today's $81,200 high. That is a $3,621 drop from the top, and price is sitting almost on the 24h low at $77,571.
👉 ETH is at $2,317, down from a $2,451 high. SOL is at $91.92, down from $98.16. The dump is market wide, not just Bitcoin.
👉 Total crypto market cap is $2.64T, down 2.49% in 24h. BTC dominance holds at 59.4%, so money is leaving the market, not rotating into alts.
👉 This is the other side of this morning's squeeze. The last liquidation round cleared $992M in 24h, with $577M of that in shorts. Once the squeeze ran out, there were no fresh buyers to hold $80,000.
👉 Macro is not helping. The Bank of England hiked to 4.00% today, Fed speakers leaned hawkish on a December hike, and the market is now waiting for US Nonfarm Payrolls tomorrow at 20:30 ICT.
👉 Levels to watch: hold above $77,571, or the next line everyone is watching is $76,000, the low from earlier this week. BTC needs to reclaim $80,000 to cancel this dump.
#BinanceSquare #Bitcoin #BTC #Crypto
Stay sharp, tomorrow's payrolls print will decide the next leg.