💥 Nvidia lost its CEO. Bitcoin lost $70K. 👀
Low: ~$68.5K, first time under $70K since August
From the top of the range: about -9%
BTC longs liquidated: $653M, 96% of all BTC liquidations
Jensen Huang resigned, CFO Colette Kress stepped in as interim CEO, and Nvidia fell about 10% at Thursday’s open.
But it wasn’t the only weight.
Dollar index above 103, a 19-month high.
Spot ETFs bleeding $1.44B over five straight sessions.
The chart saw this coming.
Four days stuck between $72.7K and $75.7K.
Every rally sold under $75K.
That’s distribution (big players quietly selling into a flat range).
Yesterday’s map: lose $73.2K and below $72.7K it’s empty air.
The air was $4,000 deep. 🩸
Once the range broke, the first selling climax at $71.2K bounced straight into supply at $71.5K to $72.2K and got sold again.
Lower high. Lower low.
Then the floor gave way on the biggest volume bar on this chart.
Volume that big can mark a capitulation low, the moment sellers run out.
Or it can just be the opening act.
Reclaim $70K on a 4H close → flush looks done, $71.2K to $72.2K is the ceiling.
Lose $68.5K → nothing marked on this chart until well below.
Catching knives in a fresh downtrend is how accounts end. Let the 4H close show you who’s in control.
Capitulation low, or the opening act?
Not financial advice.
$BTC
$NVDA
$SOL
Low: ~$68.5K, first time under $70K since August
From the top of the range: about -9%
BTC longs liquidated: $653M, 96% of all BTC liquidations
Jensen Huang resigned, CFO Colette Kress stepped in as interim CEO, and Nvidia fell about 10% at Thursday’s open.
But it wasn’t the only weight.
Dollar index above 103, a 19-month high.
Spot ETFs bleeding $1.44B over five straight sessions.
The chart saw this coming.
Four days stuck between $72.7K and $75.7K.
Every rally sold under $75K.
That’s distribution (big players quietly selling into a flat range).
Yesterday’s map: lose $73.2K and below $72.7K it’s empty air.
The air was $4,000 deep. 🩸
Once the range broke, the first selling climax at $71.2K bounced straight into supply at $71.5K to $72.2K and got sold again.
Lower high. Lower low.
Then the floor gave way on the biggest volume bar on this chart.
Volume that big can mark a capitulation low, the moment sellers run out.
Or it can just be the opening act.
Reclaim $70K on a 4H close → flush looks done, $71.2K to $72.2K is the ceiling.
Lose $68.5K → nothing marked on this chart until well below.
Catching knives in a fresh downtrend is how accounts end. Let the 4H close show you who’s in control.
Capitulation low, or the opening act?
Not financial advice.
$BTC
$NVDA
$SOL
