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Hong Hao: Bitcoin May Fall to the $70,000 Range to Find Strong Support

2025-11-18 10:56

BlockBeats News, November 18th, Bloomberg Businessweek's annual figure, two-time China's most influential economist Hong Hao posted on Xiaohongshu, stating that Bitcoin, falling to $92,000, may only find meaningful support after dropping to the $70,000 range.

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24H Important Information
2025-11-18
Analysis: A rebound is imminent only when there is no further room for a drop. Yesterday saw a realized loss of $860 million, surpassing previous records.
The LIBRA team bought 127,774 SOL at an average price of $133.
Yesterday, the U.S. Bitcoin Spot ETF saw a net outflow of $220.1 million, marking the fourth consecutive day of outflows.
Yesterday, the US Ethereum Spot ETF saw a net outflow of $182.7 million, marking the fifth consecutive day of outflows.
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