$BTC pulled off a full round trip in 24 hours.
Midterm results dropped it to ~$75.7K, then it ripped straight back above $80K.
$ETH did even better — up 6% to $2,420, highest in two weeks.
Right now:
$BTC ~$80.4K (+4%)
$ETH ~$2,422 (+6%)
What drove it:
Election uncertainty cleared. Oil and bond yields eased. Stocks rallied hard — Dow up 3%.
And $238M in $ETH positions got liquidated, mostly shorts. Classic squeeze.
But hold on.
Spot Bitcoin ETFs bled over $1B during the selloff. Real recovery needs that money flowing back in.
Key levels:
$BTC needs to hold $80K and reclaim $82K.
$ETH needs to break $2,524 to prove this is real demand, not just a short squeeze.
Bounce or reversal? 👀
Midterm results dropped it to ~$75.7K, then it ripped straight back above $80K.
$ETH did even better — up 6% to $2,420, highest in two weeks.
Right now:
$BTC ~$80.4K (+4%)
$ETH ~$2,422 (+6%)
What drove it:
Election uncertainty cleared. Oil and bond yields eased. Stocks rallied hard — Dow up 3%.
And $238M in $ETH positions got liquidated, mostly shorts. Classic squeeze.
But hold on.
Spot Bitcoin ETFs bled over $1B during the selloff. Real recovery needs that money flowing back in.
Key levels:
$BTC needs to hold $80K and reclaim $82K.
$ETH needs to break $2,524 to prove this is real demand, not just a short squeeze.
Bounce or reversal? 👀
