According to Deep Tide TechFlow news on November 26, Bitcoin's price fell below $93,000, leading to over $430 million in long positions being liquidated, according to the latest report from QCP. This decline occurred after the spot Bitcoin ETF ended five consecutive days of net inflows, recording an outflow of $438 million on Monday, while MicroStrategy's stock price fell by 4.4%.
Previously, MicroStrategy made a record purchase of $5.4 billion worth of Bitcoin last week. With the US holidays approaching and a lack of catalysts to drive prices up in the short term, Bitcoin's momentum towards $100,000 has temporarily stalled.
Ethereum's implied volatility is significantly skewed towards put options, reflecting a market sentiment similar to that of Bitcoin. Currently, market sentiment is cautious as investors focus on tonight's Federal Reserve meeting minutes and Wednesday's core personal consumption expenditures (PCE) data.
