pairstrading101
576 views
4 Discussing
Hot
Latest
See original
optimistic about the movement $BTC this time
movement like before at the price of 76k occurred a pattern like this, a bull run will happen soon
#pairstrading101 #MarketPullback
movement like before at the price of 76k occurred a pattern like this, a bull run will happen soon
#pairstrading101 #MarketPullback
Bitcoin has fallen below the $105,000 mark, trading around $103,100, down about 1.4% on the day .
Ethereum is also under pressure, hovering near $2,460, down roughly 6% from its recent highs .
Broader Market Dynamics
The total crypto market cap is around $3.2–3.3 trillion, marking a decline of 2–4% in the last 24 hours .
Over $300 million in leveraged long positions have been liquidated, mostly in BTC and ETH—signaling a significant unwind .
The current Fear & Greed Index reads 46 (Neutral), reflecting mixed sentiment as political noise adds volatility .
Drivers of the Downturn
Investor Profit-Taking
After reaching late-May highs (~$112K), many holders appear to be cashing in .
Macro Uncertainty & Political Chatter
A high-profile feud between Trump and Musk is impacting sentiment, coupled with caution ahead of the U.S. jobs report and CPI data .
Liquidation Cascade
A sudden drop toward $101K triggered over $900M in liquidations—a sharp shakeout triggered by leveraged longs .
🔭 What’s Next?
Attention is shifting to key upcoming data: U.S. jobs report (Friday) and CPI release—these could shift Federal Reserve sentiment and drive risk asset flows .
Technically, BTC may find short‑term support around $102K–$100.5K, with resistance near $104–106K. Watch reclaim above $104.8K for signs of stabilization .
Sector Watch: Circle (USDC Issuer)
Circle’s IPO debuted spectacularly, surging nearly 168% from its $31 IPO price to ~$83, raising speculation of broader crypto institutional interest .
This signals growing acceptance of crypto firms in public markets, even if spot prices pull back .
AssetLevelChangeBitcoin (BTC)~$103K–1.4%Ethereum (ETH)~$2,460–6%Market Cap~$3.2T–$3.3T–2–4%
Markets remain volatile, shaped by technical selling, macro uncertainty, political drama, and institutional moves. Key macroeconomic data later this week (jobs, CPI) could be pivotal—either reigniting momentum or pushing prices lower.
$BTC
#TrumpVsMusk
#pairstrading101
#liquidity101
#tradingtypes101
#MyCOSTrade
Ethereum is also under pressure, hovering near $2,460, down roughly 6% from its recent highs .
Broader Market Dynamics
The total crypto market cap is around $3.2–3.3 trillion, marking a decline of 2–4% in the last 24 hours .
Over $300 million in leveraged long positions have been liquidated, mostly in BTC and ETH—signaling a significant unwind .
The current Fear & Greed Index reads 46 (Neutral), reflecting mixed sentiment as political noise adds volatility .
Drivers of the Downturn
Investor Profit-Taking
After reaching late-May highs (~$112K), many holders appear to be cashing in .
Macro Uncertainty & Political Chatter
A high-profile feud between Trump and Musk is impacting sentiment, coupled with caution ahead of the U.S. jobs report and CPI data .
Liquidation Cascade
A sudden drop toward $101K triggered over $900M in liquidations—a sharp shakeout triggered by leveraged longs .
🔭 What’s Next?
Attention is shifting to key upcoming data: U.S. jobs report (Friday) and CPI release—these could shift Federal Reserve sentiment and drive risk asset flows .
Technically, BTC may find short‑term support around $102K–$100.5K, with resistance near $104–106K. Watch reclaim above $104.8K for signs of stabilization .
Sector Watch: Circle (USDC Issuer)
Circle’s IPO debuted spectacularly, surging nearly 168% from its $31 IPO price to ~$83, raising speculation of broader crypto institutional interest .
This signals growing acceptance of crypto firms in public markets, even if spot prices pull back .
AssetLevelChangeBitcoin (BTC)~$103K–1.4%Ethereum (ETH)~$2,460–6%Market Cap~$3.2T–$3.3T–2–4%
Markets remain volatile, shaped by technical selling, macro uncertainty, political drama, and institutional moves. Key macroeconomic data later this week (jobs, CPI) could be pivotal—either reigniting momentum or pushing prices lower.
$BTC
#TrumpVsMusk
#pairstrading101
#liquidity101
#tradingtypes101
#MyCOSTrade
Login to explore more contents