Good morning, Asia. Here’s what’s moving before the bell.
Bitcoin fell to $93,000 on Monday in Asia, its sharpest drop since March, as traders trimmed expectations of a December US rate cut and global stocks opened on the defensive.
Liquidations told the story. CoinGlass data showed $617.45m wiped out in 24 hours, with longs at $394.50m and shorts at $222.95m. Bitcoin accounted for $242.19m and Ether for $169.06m. The largest single wipeout was a $30.60m BTC position on Hyperliquid.
Wall Street set a weak tone. Futures softened after Friday’s slump left the Dow down 1.65%, the S&P 500 off 1
Bitcoin fell to $93,000 on Monday in Asia, its sharpest drop since March, as traders trimmed expectations of a December US rate cut and global stocks opened on the defensive.
Liquidations told the story. CoinGlass data showed $617.45m wiped out in 24 hours, with longs at $394.50m and shorts at $222.95m. Bitcoin accounted for $242.19m and Ether for $169.06m. The largest single wipeout was a $30.60m BTC position on Hyperliquid.
Wall Street set a weak tone. Futures softened after Friday’s slump left the Dow down 1.65%, the S&P 500 off 1
1 month ago
