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Three big reports are coming, and any one of them can shift crypto, forex, gold, and stocks. Stay sharp. 👀🔥

1️⃣ FOMC Minutes — Nov 19

The main trigger.
“Higher for longer” → USD up, markets down
Easing tone → crypto & stocks pump, USD weakens
2️⃣ Philly Fed + Home Sales — Nov 20
Early direction signals.
Strong data → recovery signs
Steady housing → market still solid

3️⃣ PMI Reports — Nov 21
The economy’s pulse.
Above 50 → strength, USD eak numbers → recession fears, gold/crypto benefit
#MarketPullback #Al $BTC tcoins $ETH $BTC

Crypto markets have once again demonstrated their inherent volatility as prices tumbled 3.7 per cent in just 24 hours despite apparent macroeconomic progress from Washington. The United States Senate’s approval of a government funding bill on November 10 was expected to restore confidence by ending the nation’s longest shutdown, yet the digital asset market responded with a sharp downturn. This paradox highlights the fragility of recent gains and the psychological disconnect between traditional finance and the crypto economy.

While the Dow Jones climbed 1.18 per cent and the S&P 500 inched up 0.21 per cent, the digital asset market diverged sharply, underscoring a deepening decoupling from legacy risk assets. The Nasdaq 100 now shows a negative short-term correlation with crypto at minus 0.77, marking one of the strongest divergences in months. Analysts point to three overlapping forces behind this sell-off: mass leveraged liquidations, strategic whale exits from Ethereum, and lingering macro caution despite the fiscal breakthrough.
Over US$260 million in leveraged crypto positions were liquidated within 24 hours, with long traders bearing the brunt of the damage. Bitcoin and Ethereum positions accounted for 84 and 90 per cent of the total losses respectively. This liquidation wave followed a 10 per cent weekly surge in open interest, indicating that speculative traders had overextended leverage in anticipation of continued upside. Once prices dipped, automated margin calls amplified the decline, triggering a cascading effect that wiped out weak positions and erased short-term optimism.
At the same time, two major Ethereum whales sold a combined 178,080 ETH worth roughly US$528 million, coinciding with the steepest weekly outflows from Ethereum spot ETFs since their inception. Approximately US$796 million exited the nine listed US funds, with every ETF registering net redemptions. These coordinated moves suggest a loss of institutional conviction at prevailing valuations rather than simple profit-taking. With Ethereum’s relative strength index hovering near 38, the lack of buying pressure has left the market vulnerable, with US$3,360 identified as a crucial support level.
Macroeconomic indicators have done little to calm nerves. The latest ADP National Employment Report showed modest job creation in October, yet weekly data reflected continued labour weakness, keeping Federal Reserve policy expectations uncertain. The US Dollar Index slipped to 99.46, while Brent crude edged higher to US$65.16, showing moderate risk appetite across commodities. Gold’s rise to US$4,118.58 per ounce hinted at renewed hedging behaviour, but crypto failed to follow that trend, instead behaving like a risk-off asset due to structural imbalances in leverage and liquidity.
This correction, while painful, may ultimately prove constructive. The previous week’s rally had pushed funding rates and technical indicators to overheated levels. The liquidations now serve as a system reset, purging excessive leverage and restoring equilibrium to derivatives markets. Still, the timing and coordination of whale movements raise questions about confidence in Ethereum’s near-term trajectory compared with Bitcoin, which continues to attract capital inflows through its ETF channels and retains its digital gold narrative.
The market now watches two levels with keen attention: Bitcoin at US$60,000 and Ethereum at US$3,360. A breach below these thresholds could accelerate automated selling and further dent sentiment, while confirmation of the US funding bill could inject temporary stability into risk markets. For now, the digital asset sector remains in a recalibration phase where institutional outflows, speculative unwindings, and shifting macro narratives all converge to define short-term direction. Until genuine organic demand replaces leveraged speculation, volatility will continue to dictate the rhythm of the crypto market.

Crypto Market Meltdown Unleashed as $260M Liquidations Ignite Global Sell-Off
#Al #BTC #etf #ETH

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