📉 Bitcoin slips to a 12-week low as selling accelerates
BTC briefly fell to around $68.5K before bouncing to roughly $69.6K. Two headlines are weighing on sentiment:
1️⃣ MSCI confirmed that Strategy (MSTR) and Metaplanet will leave relevant indexes after the Nov. 30 close. The change could prompt passive rebalancing and add pressure to the BTC-treasury narrative.
2️⃣ Nvidia CEO Jensen Huang’s abrupt resignation added to risk-off sentiment. NVDA fell sharply at the open, and weakness spread across crypto.
Liquidations accelerated the move, with long positions taking the brunt. More than $750M in long liquidations were reported, with some later tallies higher. ETH, SOL and XRP also fell more than 3.5%.
👀 What to watch next :
• U.S. PPI today at 8:30 ET
• Support: $68K–$69K; a clear break could expose $66K–$67K
• Resistance: $71.5K–$72K, then $74K
The short-term trend still points down. Avoid chasing moves; manage risk and remember that cash is a position. NFA
TRADE$BTC HERE👇
BTC briefly fell to around $68.5K before bouncing to roughly $69.6K. Two headlines are weighing on sentiment:
1️⃣ MSCI confirmed that Strategy (MSTR) and Metaplanet will leave relevant indexes after the Nov. 30 close. The change could prompt passive rebalancing and add pressure to the BTC-treasury narrative.
2️⃣ Nvidia CEO Jensen Huang’s abrupt resignation added to risk-off sentiment. NVDA fell sharply at the open, and weakness spread across crypto.
Liquidations accelerated the move, with long positions taking the brunt. More than $750M in long liquidations were reported, with some later tallies higher. ETH, SOL and XRP also fell more than 3.5%.
👀 What to watch next :
• U.S. PPI today at 8:30 ET
• Support: $68K–$69K; a clear break could expose $66K–$67K
• Resistance: $71.5K–$72K, then $74K
The short-term trend still points down. Avoid chasing moves; manage risk and remember that cash is a position. NFA
TRADE$BTC HERE👇
