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π¨ BREAKING: Bitcoin briefly drops to $71,151, its lowest level since August 20.
π BTC down ~3.5% in 24H
π₯ $624M in crypto liquidations
π» $571M wiped out from long positions.
Selling pressure is accelerating. Is more downside ahead?
#Bitcoin#Crypto#XBIT
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SpaceX wins a $9.9M Pentagon contract!
The US Space Development Agency has awarded SpaceX a $9.9 million contract to study using its Starlink-derived Plaser laser technology for missile warning and tracking satellites.
The deal could reach $12.7 million with additional options.
Starlink's laser technology is expanding into military space infrastructure.
π Hyperliquid Smart Money Watch | Nov 11
Three notable whale moves today:
1οΈβ£ 0x5b5dβ¦c060
ETH SHORT: $117.3M covered
A massive reduction in ETH bearish exposure.
2οΈβ£ 0xb83dβ¦6e36
ETH SHORT: $77.8M covered
Another major whale cuts its ETH short.
3οΈβ£ 0xecb6β¦2b00
Cobalt Manta
Historical 30D PnL: +$21.2M
Reduced:
β’ S&P 500 Short by ~$3.6M
β’ BTC Short by ~50%
The bigger picture:
More than $195M in ETH shorts covered across two major wallets.
Are whales taking profits, reducing risk, or preparing for a reversal?
Something is changing in whale positioning.
When oil prices were rising, Bitcoin was falling.
Now oil prices are dropping, but Bitcoin is falling even harder.
In theory, lower oil prices should ease inflationary pressures and support risk assets.
But Bitcoin clearly isn't following the script this time.
Has the macro narrative changed, or is something else weighing on crypto? π€
π’οΈ WTI crude oil falls below $85/barrel!
WTI is trading around $84.60/barrel, down approximately 2.59% on the day, and nearly 19% from its recent highs.
Oil prices remain under pressure for three key reasons:
β’ πΊπΈ Easing US-Iran tensions are reducing geopolitical risk premiums.
β’ π’ Concerns over supply disruptions in the Strait of Hormuz are easing.
β’ π Growing global supply surplus concerns are weighing on the market.
Next up: US EIA crude inventory data on November 11 and further developments in US-Iran relations.
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Professional Strategies. Flexible Participation. On-chain Transparency.
Explore XBIT Vaults and discover a smarter way to participate in strategy-based investing. π
π Weekly Market Focusο½2026.11.09β11.13
A data-heavy week ahead.
π¨π³ China CPI / PPI & Trade Data
πΊπΈ US CPI / PPI
π¬π§ UK Q3 GDP
πͺπΊ Eurozone GDP
π US Jobless Claims
The key battle:
Inflation vs. Higher-for-Longer Rates vs. Growth.
US inflation data will shape Fed expectations, while Chinaβs economic indicators and UK / Eurozone GDP will test global growth resilience.
November 9β13. Stay focused. π
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