๐จ $BTC JUST CRASHED BELOW $80K โ BUT WEDNESDAY'S FOMC COULD FLIP THE SCRIPT! โ ๏ธ
Bitcoin slipped to $79,770, its weakest level in over a month, after the US began evacuating Middle East personnel on Iranian-attack warnings.
Trump added fuel Friday, warning of another "little Epic Fury" operation after the midterms.
Here's the catch:
๐ $BTC lost its 50-day average near $81,784 โ the first daily close below it since August. The old floor is now resistance.
๐ Fear & Greed reads 43 Neutral on Square, down from 68 Greed. Cooled fast โ but not panic yet.
๐ง $645M in leveraged positions were liquidated in 24 hours, $504M of it longs, with $233M wiped in a single hour. Thin weekend liquidity turned a headline into a cascade.
The lesson: thin liquidity plus high leverage turns headlines into cascades. Spot rides it out; leveraged longs get liquidated.
One exception: $M jumped 27% while 47 of the top 50 fell โ but with no fresh project news behind it, that is momentum, not a thesis.
Will $BTC reclaim $80K before Wednesday's FOMC decision, or is this a deeper leg down? ๐
Not financial advice โ educational purposes only.
#Bitcoin #crypto #FOMC
Bitcoin slipped to $79,770, its weakest level in over a month, after the US began evacuating Middle East personnel on Iranian-attack warnings.
Trump added fuel Friday, warning of another "little Epic Fury" operation after the midterms.
Here's the catch:
๐ $BTC lost its 50-day average near $81,784 โ the first daily close below it since August. The old floor is now resistance.
๐ Fear & Greed reads 43 Neutral on Square, down from 68 Greed. Cooled fast โ but not panic yet.
๐ง $645M in leveraged positions were liquidated in 24 hours, $504M of it longs, with $233M wiped in a single hour. Thin weekend liquidity turned a headline into a cascade.
The lesson: thin liquidity plus high leverage turns headlines into cascades. Spot rides it out; leveraged longs get liquidated.
One exception: $M jumped 27% while 47 of the top 50 fell โ but with no fresh project news behind it, that is momentum, not a thesis.
Will $BTC reclaim $80K before Wednesday's FOMC decision, or is this a deeper leg down? ๐
Not financial advice โ educational purposes only.
#Bitcoin #crypto #FOMC