The market is fully *RED* right now. Everyone is in Extreme Fear.

Today's Prices

Coin Price 24h Change

**Bitcoin BTC** \$68,300 -3.8%

**Ethereum ETH** \$1,930 -3.9%

**Solana SOL** \$78.19 -4.3%

**BNB** \$615 -3.1%

**XRP** \$0.99 -1.85%

Total Market Cap: *$2.33 Trillion* (-5.75%)

What Happened? 3 Big Reasons

*1. $1.23 Billion Liquidation!*

In the last 24 hours, $1.23 Billion worth of longs got liquidated. Bitcoin alone saw $637 Million, Ethereum saw $256 Million. Buyers took a massive hit.

*2. Bitcoin At 3-Month Low*

Bitcoin went down to $67,683, the lowest since August. It is now trading below its *200-week average of $67,922*. If it closes the week below that on Sunday, we could see more downside.

*3. Hot CPI + Fed Hike Fear*

US CPI came in hot again - Core CPI at 0.3% (higher than expected). Now the chances of a Fed hike in December have jumped to *89% - 99%*. When rate hike fears rise, both crypto and stocks fall.

And more than *$2.5 Billion* has already flowed out of US Bitcoin ETFs since Oct 30.

Fear & Greed Index

*13 / 100 - EXTREME FEAR* 😱

It was 21 yesterday, now it's 13. People are panic-selling.

What To Watch Next?

- *Sunday Weekly Close:* If BTC closes above $67,922, it survives. Below that, it could go to $65,000 - $60,000

- *30 Nov:* MSCI is removing Strategy (the biggest BTC holder) from its index

- *9 Dec:* Fed rate decision

For Traders

Don't rush to *buy the dip* right now. The market is oversold (RSI 24.5), so a bounce is possible, but the trend is still bearish. Stay away from leverage, liquidations are very fast right now.

Do you want me to make you a chart with BTC's next support / resistance levels?

#TradFiForBeginners #WhatWillDriveCryptoandStocks’NextRebound?