11-10
Bitcoin Surges Past $106,000 as Short-Term Volatility Spikes
Bitcoin climbed above $106,000 in early Monday trading after a volatile weekend that forced leveraged traders to reposition. The move marks the third sharp swing in under 48 hours, driven by speculation over proposed economic stimulus and shifting liquidity on major exchanges. Exchange data shows 7-day realized volatility reached 0.410, significantly above the 30-day measure of 0.360, indicating rapid trader repositioning without fundamental trend changes.
11-10
11-10
Bitcoin Decouples from Global M2 Liquidity Since July as October Deleveraging Viewed as Market Reset
Bitcoin has decoupled from global M2 liquidity trends since July, trading above $100,000 in November despite sitting 21% below its recent $126,000 peak. Analysts including Coinbase and BitMEX founder Arthur Hayes characterize the October 10 deleveraging event, which eliminated $20 billion in positions, as a healthy market reset rather than a cycle top. Options data show the market positioning for a $90,000 to $160,000 range over the next three to six months.
11-10