BTC $74,671 - $1 BILLION Liquidated in 24h! 😱
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10 AM Update | Mon, Nov 9
BTC: $74,671 (-1.63%)
ETH: $2,142 (-4.05%)
Total Market: $2.55T (-2.8%)
Fear & Greed: 25 - EXTREME FEAR
What Happened Overnight?
1. BTC slipped below $74,000 to $73,510 low, then recovered to $74,938. ETH fell to $2,223 - lowest in 2+ months.
2. Over $1 BILLION liquidated in 24h, mostly LONG positions. BTC liquidations $1.27B in last big move, $1.1B from longs alone.
3. Why? Strong US jobs report (165K vs 65K expected) pushed Dec Fed rate HIKE odds to 80%. Plus AI stock sell-off + GOP loss cooling sentiment + CPI fear.
Key Levels (Education Only):
Support: $73,200 (200-day MA) - This is the pivotal level. Analysts say if BTC doesn't hold $75,000 sweep, sharp drop can follow.
Next Support: $72,000
Resistance: $76,300 then $77,700-$78,000
BTC is now 5 weeks RED in a row, trading between 50-day MA $81,800 and 200-day MA $73,200.
Tuesday CPI - Biggest Event:
US October CPI due Tue, Nov 10 at 1:30 PM UTC. Consensus +0.3% MoM after Sept +0.6%. No official YoY number this time.
- Soft CPI = rate hike fear eases, relief rally possible
- Hot CPI = hike cemented, more downside possible
Friday also has US PPI.
ETF Pressure:
US spot BTC ETFs had $1.28B net outflows last week (Nov 2-6), including $411.9M on Friday. BlackRock IBIT alone -$403M.
Beginner Lesson:
Leverage wiped out $1B in one night. Spot + patience = survival. Learn First, Earn Later. Don't trade every candle before CPI.
Your Vote 👇
A) BUY dip
B) SELL
C) WAIT till CPI
Comment A / B / C + WHY
Follow for Daily Real Learning - No Fake Signals!
Trade on Binance: https://www.binance.com/join?ref=1044484134
$BTC #ETH #CryptoNews #BinanceSquare #CPI #Bitcoin
👉 Trade on Binance: https://www.binance.com/join?ref=1044484134
10 AM Update | Mon, Nov 9
BTC: $74,671 (-1.63%)
ETH: $2,142 (-4.05%)
Total Market: $2.55T (-2.8%)
Fear & Greed: 25 - EXTREME FEAR
What Happened Overnight?
1. BTC slipped below $74,000 to $73,510 low, then recovered to $74,938. ETH fell to $2,223 - lowest in 2+ months.
2. Over $1 BILLION liquidated in 24h, mostly LONG positions. BTC liquidations $1.27B in last big move, $1.1B from longs alone.
3. Why? Strong US jobs report (165K vs 65K expected) pushed Dec Fed rate HIKE odds to 80%. Plus AI stock sell-off + GOP loss cooling sentiment + CPI fear.
Key Levels (Education Only):
Support: $73,200 (200-day MA) - This is the pivotal level. Analysts say if BTC doesn't hold $75,000 sweep, sharp drop can follow.
Next Support: $72,000
Resistance: $76,300 then $77,700-$78,000
BTC is now 5 weeks RED in a row, trading between 50-day MA $81,800 and 200-day MA $73,200.
Tuesday CPI - Biggest Event:
US October CPI due Tue, Nov 10 at 1:30 PM UTC. Consensus +0.3% MoM after Sept +0.6%. No official YoY number this time.
- Soft CPI = rate hike fear eases, relief rally possible
- Hot CPI = hike cemented, more downside possible
Friday also has US PPI.
ETF Pressure:
US spot BTC ETFs had $1.28B net outflows last week (Nov 2-6), including $411.9M on Friday. BlackRock IBIT alone -$403M.
Beginner Lesson:
Leverage wiped out $1B in one night. Spot + patience = survival. Learn First, Earn Later. Don't trade every candle before CPI.
Your Vote 👇
A) BUY dip
B) SELL
C) WAIT till CPI
Comment A / B / C + WHY
Follow for Daily Real Learning - No Fake Signals!
Trade on Binance: https://www.binance.com/join?ref=1044484134
$BTC #ETH #CryptoNews #BinanceSquare #CPI #Bitcoin
