Nov. 10 at 8:35 PM
$BTC.X bounces off of
$100K to gap up above
$105K today - above 50% fib level - why??
Reduced political risk typically fuels demand for risk assets like Bitcoin.
CFTC announced plans to allow leveraged spot crypto trading, potentially attracting retail capital
Treasury Sec Bessent: "committed to exploring budget-neutral pathways to acquire more Bitcoin to expand the reserve." This signals long-term govtal support for Bitcoin as a strategic asset
Stablecoin Supply Ratio (SSR) fell to 13.1, indicating growing off-chain liquidity for potential buys
Short-term holders (STHs) deposited 8,700 BTC to Binance—a +40% increase since Sept. STHs’ aveg cost basis (
$112,000) - near monthly P0 pivot
Crypto Fear & Greed Index: 29 vs 20 on Nov 4
$IBIT $BITO $ARKB $FBTC