BTC, ETH Prices Under Pressure as Altcoins Reel, Futures Flash Caution: Crypto Daybook Americas

Bitcoin (BTC) briefly fell below $100,000 for the first time since June, leading a broad crypto sell-off that saw the CoinDesk 20 index drop 2.6% in 24 hours. Over $1.7 billion in crypto positions were liquidated, primarily affecting long traders, exacerbated by a slightly hawkish Fed tone and general risk-off sentiment across assets like the Nasdaq. Bitcoin is now testing the key support of its 50-week simple moving average near $103,000. Sentiment is further chilled by a $128 million hack on Balancer, pushing the Crypto Fear and Greed Index into "fear." Altcoins are suffering disproportionately due to thin liquidity, though privacy coins like XMR remain relatively strong. Derivatives markets reflect caution, with BTC futures open interest declining and funding rates low, though the options market shows elevated volatility and a slight near-term bullish bias. Technically, BTC must reclaim $107,000 on the weekly chart to avoid a structural trend reversal.

(Source：CoinDesk)