As of 07:40, BTC was at 74,568, up 1% in 12 hours, and ETH was at 2,093, up 1.9% in four hours (CoinGlass). The dip from two days ago has now been mostly recovered. Liquidations have also quieted down: just $186 million across the market in the past 24 hours, 74% less than yesterday’s $729 million. Most of the forced liquidations are probably done.

There’s another detail I’ve been watching: funding rates fell from 0.0100% to 0.0053%, so longs are less crowded. This kind of market structure is more reliable than price itself—it shows this rebound isn’t being driven by a leveraged pump.

One correction to yesterday’s numbers: I said ETF outflows were only 222 BTC, but IBIT hadn’t disclosed its figures yet. After those were added this morning, net outflows on November 10 were actually around 1,260 BTC. Figures for November 11 haven’t come in yet (CoinGlass, 07:41).

My view hasn’t changed: a rebound is a rebound, but above 74k, no one seems willing to buy. I’m not adding this morning; I’ll wait until it holds above 74.5k.

Are you holding longs or still sitting on the sidelines like me? #直通IPO第三期Anthropic

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BTC-0.65%

ETH-1.26%

IBIT+1.34%

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Comment 6

BubbleWatcher4 minutes ago

Liquidations have gone quiet, like the calm before the storm.

Money is coming.13 minutes ago

People familiar with discussions inside the Trump administration said that over the past 24 hours, the administration has been seeking to impose long-term economic pressure on Iran as an alternative to a renewed military conflict or direct negotiations. Another source revealed that Qatar had secured at least two weeks to push the US and Iran to continue talks aimed at preventing further US strikes on Iran. The administration also proposed tightening requirements for unemployment benefit claims; if approved, the rule would require applicants to conduct job-search activities more frequently each week.

DrawdownMaster14 minutes ago

What defines holding above 74.5k: time or trading volume?

Pirate Town Society Man派爷16 minutes ago

The real big moves in BTC, U.S. stocks, and gold may depend on what happens next!

After the U.S. October CPI was released, market nerves tightened again.
Headline CPI rose 0.4%, while core CPI rose 0.3%, both exceeding expectations. Expectations of Fed rate hikes are heating up, and BTC, U.S. stocks, and gold all face renewed pricing pressure.

GoldStandardChen24 minutes ago

Looking at the stock-to-flow ratio, this move is too small for the scale of the narrative.

YieldAggregator25 minutes ago

Was your corrected figure of 1,260 coins pulled live by CoinGlass, or manually verified?

Last night it was still grinding around 73k; I woke up and it had already touched 74.5k.

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