$1.1 BILLION LIQUIDATED IN 24H - BTC CRASHES TO $74K
Bitcoin just dropped to $73,650 - lowest since August.
What happened?
1. $1.14B $Liquidations
Over $1.1B in leveraged positions wiped out in 24h. 90% were LONGS.
ETH took the biggest hit: $500M liquidated
BTC: $305M liquidated
When longs get wiped, selling cascades.
2. $NVDAB idia + Iran Shock
Nvidia CEO scandal + stalled US-Iran talks hit markets while stocks were closed. Crypto was the only market open, so crypto took the first hit.
3 ETF Outflows + Fed Fear
BTC ETFs saw $1.28B outflows last week.
Fed December rate hike odds now at 80% ahead of Tuesday CPI.
Top Losers in 24h:
$ETH : -5.6% to $2,140
XRP: -6.3% to $1.10
SOL: -3%
$BTC is now below its 50-week MA. If BTC fails to reclaim $75,000, next target is $70,000.
My Plan: No FOMO. No leverage. Wait for BTC to hold above $75K.
Are you buying this dip or waiting for $70K?
#BTC #Bitcoin #ETH #cryptocrash #BinanceSquare
Not financial advice. DYOR.
Bitcoin just dropped to $73,650 - lowest since August.
What happened?
1. $1.14B $Liquidations
Over $1.1B in leveraged positions wiped out in 24h. 90% were LONGS.
ETH took the biggest hit: $500M liquidated
BTC: $305M liquidated
When longs get wiped, selling cascades.
2. $NVDAB idia + Iran Shock
Nvidia CEO scandal + stalled US-Iran talks hit markets while stocks were closed. Crypto was the only market open, so crypto took the first hit.
3 ETF Outflows + Fed Fear
BTC ETFs saw $1.28B outflows last week.
Fed December rate hike odds now at 80% ahead of Tuesday CPI.
Top Losers in 24h:
$ETH : -5.6% to $2,140
XRP: -6.3% to $1.10
SOL: -3%
$BTC is now below its 50-week MA. If BTC fails to reclaim $75,000, next target is $70,000.
My Plan: No FOMO. No leverage. Wait for BTC to hold above $75K.
Are you buying this dip or waiting for $70K?
#BTC #Bitcoin #ETH #cryptocrash #BinanceSquare
Not financial advice. DYOR.
