Woke up to a sea of red and honestly, it was worse than most expected.
$BTC tapped $63,320 overnight — its lowest since mid-August — before clawing back toward $64k. Over $1.9B in liquidations in 24 hours, 93% of them longs. $ETH slipped under $1,800, $BNB lost around 9% to the mid-$570s, and the Fear & Greed Index just printed 13. Extreme fear, officially.
This wasn't one headline. Hot US inflation pushed December Fed hike odds near 90%, Nvidia's CEO resigned, Strategy is getting dropped from the MSCI USA Index, and money is clearly rotating toward Anthropic's 6x-oversubscribed IPO. Add $1.44B of ETF outflows in five sessions and thin weekend liquidity, and you get a cascade.
The thing is, weekends exaggerate everything. Thin books, leveraged longs, panic — the ingredients are always the same. What matters now is the week ahead: US retail sales Tuesday, Nvidia earnings Tuesday night, FOMC minutes Wednesday.
I'm not calling a bottom and I'm not calling more pain. But $63k held on the first test, and that's the level I'm watching. Are you buying this dip, or waiting for the Fed minutes first?
#Bitcoin #Crypto #BTC
$BTC tapped $63,320 overnight — its lowest since mid-August — before clawing back toward $64k. Over $1.9B in liquidations in 24 hours, 93% of them longs. $ETH slipped under $1,800, $BNB lost around 9% to the mid-$570s, and the Fear & Greed Index just printed 13. Extreme fear, officially.
This wasn't one headline. Hot US inflation pushed December Fed hike odds near 90%, Nvidia's CEO resigned, Strategy is getting dropped from the MSCI USA Index, and money is clearly rotating toward Anthropic's 6x-oversubscribed IPO. Add $1.44B of ETF outflows in five sessions and thin weekend liquidity, and you get a cascade.
The thing is, weekends exaggerate everything. Thin books, leveraged longs, panic — the ingredients are always the same. What matters now is the week ahead: US retail sales Tuesday, Nvidia earnings Tuesday night, FOMC minutes Wednesday.
I'm not calling a bottom and I'm not calling more pain. But $63k held on the first test, and that's the level I'm watching. Are you buying this dip, or waiting for the Fed minutes first?
#Bitcoin #Crypto #BTC