Thank you for the breakdown. The correlation between Nasdaq and BTC here is the key point this was a broad risk-off move, not a crypto-only event. The data-center concern is plausible, but it is still a forward-looking fear, not yet a confirmed policy outcome. What turned a dip into a sharp drop was leverage: $370M in longs liquidated in about an hour, with late longs from the prior squeeze exiting first. The $74.6M ETF inflow helped, but could not absorb that pressure. Watching $75,000 support.
小周同学「亏损中」
$BTC Negative news: Nasdaq falls into correction zone, Bitcoin drops 5.6% in one day losing the 76,000 level
Nasdaq intraday dropped as much as 3.9%, retreating 10% from last month's high into correction territory, Bitcoin simultaneously fell from 80,960 to 75,891.9, down 5.62% in 24 hours
Both fell for the same reason: after the Democrats took control of Congress, the market worries about restrictions on data center construction. UBS estimates that about 30% of new data center capacity in the US by 2028 may be affected, and mining companies transitioning to AI computing power are also dragged down
Leverage amplified the decline, with $370 million long positions liquidated within about an hour; the longs who chased the short squeeze the day before were the first to exit
Spot ETF net inflow was $74.6 million on Wednesday, far from enough to hedge this round of selling pressure. The next support level is seen at 75,000. Friday's non-farm payrolls and the November 10 CPI will bring another round of tests.
#美国中期选举：民主党赢得国会两院控制权
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