BTC dropped from $87,000 to around $84,000 today. ETH slipped to $2,675. The Fear & Greed Index cooled from 78 to 71.
The trigger wasn't crypto-specific. US September PMI came in at 58.4 — fastest expansion since 2021. Input prices hit their highest since October 2022. The 10-year Treasury yield jumped back above 5%. Oil held above $100 on US-Iran uncertainty.
Over $545 million in crypto positions were liquidated in 24 hours. Mostly longs. The largest single liquidation was a $10 million ETH/USDT position on Binance.
But on Binance, HFT is up 23%. BICO rebounded from an early dip to close 8.96% higher. ALEO surged over 112% intraday on volume that increased nearly 10x.
Meanwhile, ZEC dropped 6.16% and UNI fell 11.75% — the previously strong coins took the hardest hit.
What I'm watching: $83,600–$83,800 held as support on the first test. If that breaks, the next zone is lower.
$HFT $BICO $ALEO
#Binance #Altcoins #MarketPulse
The trigger wasn't crypto-specific. US September PMI came in at 58.4 — fastest expansion since 2021. Input prices hit their highest since October 2022. The 10-year Treasury yield jumped back above 5%. Oil held above $100 on US-Iran uncertainty.
Over $545 million in crypto positions were liquidated in 24 hours. Mostly longs. The largest single liquidation was a $10 million ETH/USDT position on Binance.
But on Binance, HFT is up 23%. BICO rebounded from an early dip to close 8.96% higher. ALEO surged over 112% intraday on volume that increased nearly 10x.
Meanwhile, ZEC dropped 6.16% and UNI fell 11.75% — the previously strong coins took the hardest hit.
What I'm watching: $83,600–$83,800 held as support on the first test. If that breaks, the next zone is lower.
$HFT $BICO $ALEO
#Binance #Altcoins #MarketPulse
