Sweep1

3rd lowest daily RSI reading for Bitcoin in 2026
The good thing is that in both the past instances, Bitcoin bottomed within 7 days
The bad thing is that it took atleast 10% more dump to bottom

WHY IS BITCOIN AND ALTS DUMPING???
Bitcoin dumped another 5% today and $1.7 Billion in longs got wiped out
Here's why the market is bleeding:
- AI stocks are selling off hard, and they've been holding up the entire stock market
If they keep falling, stocks go down and Bitcoin goes with them
- Inflation is heating up again
Markets now see a near 100% chance the Fed hikes rates on December 9, which makes borrowing more expensive
- The dollar just hit a 19 month high
When DXY pumps, people sell their assets and sit in cash
- Bitcoin ETFs have seen 7 straight days of outflows, with almost $2 Billi

INJ/BTC has hit a 14 month high
Unreal strength

$BTC has started to mimic global liquidity again
Keeping an eye on this as when it starts to reverse, Bitcoin will explode

2017: $1
2018: $1
2021: $1
2022: $1
2024: $1
2025: $1
2026: $1
Can you guess the ticker?

Bitcoin dominance is crashing alongside Bitcoin
At the same time, Altcoin dominance is going up
It seems like alts have reached the sellers exhaustion.

Over 1 Million $BTC has been accumulated between $62K and $65K
The most important zone if Bitcoin further drops

SOMETHING VERY SERIOUS IS GOING ON AT NVIDIA AND IT ISNT THE AFFAIR
Nvidia now has about $530 Billion in deals it has promised to pay for or back up and just one quarter ago that number was $184 Billion
$105 Billion of it is a promise to cover the rent on OpenAIs data center in Ohio so if OpenAI cant pay Nvidia has to
Nvidia made $59.7 Billion in profit last quarter but only $21.3 Billion of it came in as actual cash while customers still owe it $63 Billion and it borrowed $25 Billion in the same quarter
In August Jensen reportedly called his CFO a deer in the headlights in a meeting about the

JUST IN:
$350 Billion erased from the US stock market in just 5 minutes
This is a nightmare for our crypto bags now

JUST IN:
US PPI data came in at 0.3%
Expectations: 0.4%

JUST IN:
A whale is going short on $BTC before today's PPI inflation data
He has opened a $52 Million BTC short with 40x leverage
Does he know something?

$ETH is a stablecoin pegged at $2,000
Sometimes it depegs to the downside or upside

Alt/BTC has reclaimed its 3 month uptrend
While Bitcoin is in absolute freefall, a lot of alts are up in their BTC pair

Today's PPI data is much more important than you think
At 8:30am ET, PPI data will be released with expectations at 0.4%
The crypto market is already in a free fall, so any hot print could result in an even bigger crash
For a market rally, we need PPI to be at 0.3% or lower
Anything above 0.4%, and there could be an absolute bloodbath