Bitcoin fell roughly 4% Friday, trading near $68,700 after briefly plunging to $67,500, while stocks also sold off. A cooler PPI print failed to trigger risk-on buying.

  • October PPI rose 6.5% year over year, still its biggest annual gain since November 2022
  • Monthly PPI increased 0.3%, only 0.1 percentage points below forecasts
  • A weekly close below $73,000 could confirm another major support breakdown

LaunchBar takeaway: macro relief is being ignored because positioning is fragile and equities are weakening. Traders should treat $70K as resistance and watch the weekly close before chasing any bounce.