$BTC $ETH
📉 Liquidation of 480 million! Bitcoin dropped below 86,000 in one night. Is the bull market still on? 欢迎到直播间聊聊趋势
This morning, the cryptocurrency market staged another 'flash crash' spectacle! Bitcoin plummeted by 4,000 dollars in two hours, dipping to 86,161 dollars; Ethereum struggled as well, once dropping below 2,800💥 In the past 4 hours, the total liquidation across the network reached 481 million dollars, with long positions severely hit, 198,000 people were buried……
What exactly happened⁉️
🔍 Multiple negative factors compounded, the market is 'panicking'
· 🔒 Domestic regulations are again being emphasized, the central bank, along with multiple departments, reiterates its commitment to continuously crack down on illegal activities related to virtual currencies
· 🐋 Whales are selling off madly! Ancient ETH holders sold 7,000 coins in a month, large holders are cashing out, exacerbating the sell-off
· 💸 ETF inflows are weak; BlackRock's IBIT saw over 2.3 billion dollars flowing out last month, institutional buying pressure is unsustainable?
· 🇯🇵 The Bank of Japan has released signals for interest rate hikes, macro risks suppressing the crypto market
🤔 But, is the bull market completely out of the question? Not necessarily!
December also hides potential turning points👇
· 🕐 The Federal Reserve may pause quantitative tightening in December, with market liquidity expected to improve
· 📉 CME shows that the probability of a rate cut in December is still as high as 87.4%, if it materializes, it could become a market catalyst
· 💹 CryptoQuant reports: The total amount of ERC20 stablecoins has surpassed 160 billion, hitting a record high! A massive amount of funds are waiting for opportunities
· 🚀 Analyst Mister Crypto points out: Large holders have begun to bottom fish, a 'deep V' rebound is expected under panic sentiment?
✍️ So what do you think?
Is December a chance for a comeback or will it continue to test the bottom? Has the bottom already appeared? Feel free to comment with your judgment!
