#whybtccrashed
whybtccrashed
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WHY DID BTC CRASH? 5 REAL REASONS!Everyone is asking - why did BTC crash from $80K to $75K? -4.74%, down $3,823!
These are 5 real reasons - They all hit at once - That's why it crashed!
1. BINANCE HACK $6.3B - The Biggest Reason!
Binance was hacked on Oct 29 - $6.3B stolen - The biggest crypto theft on record! Confidence was shaken! Binance customers withdrew $3.6B when withdrawals reopened! Binance set aside $6.34B to cover the losses - 90% recovered - But trust was damaged!
2. ETF OUTFLOWS $643M - Institutional Selling!
US spot Bitcoin ETFs saw $643.3M in net outflows on Friday - the biggest single-day outflow in 4 months! BlackRock IBIT shed $405M - its largest outflow since June! Total withdrawals from Oct 28 to Nov 3 reached $1.003B! There were $2.6B in inflows in September - but October saw $290M in net outflows! Institutional money is flowing out!
WHY DID BTC CRASH? 5 REAL REASONS!
Everyone is asking - why did BTC crash from $80K to $75K? -4.74%, down $3,823!
These are 5 real reasons - They all hit at once - That's why it crashed!
1. BINANCE HACK $6.3B - The Biggest Reason!
Binance was hacked on Oct 29 - $6.3B stolen - The biggest crypto theft on record! Confidence was shaken! Binance customers withdrew $3.6B when withdrawals reopened! Binance set aside $6.34B to cover the losses - 90% recovered - But trust was damaged!
2. ETF OUTFLOWS $643M - Institutional Selling!
US spot Bitcoin ETFs saw $643.3M in net outflows on Friday - the biggest single-day outflow in 4 months! BlackRock IBIT shed $405M - its largest outflow since June! Total withdrawals from Oct 28 to Nov 3 reached $1.003B! There were $2.6B in inflows in September - but October saw $290M in net outflows! Institutional money is flowing out!
These are 5 real reasons - They all hit at once - That's why it crashed!
1. BINANCE HACK $6.3B - The Biggest Reason!
Binance was hacked on Oct 29 - $6.3B stolen - The biggest crypto theft on record! Confidence was shaken! Binance customers withdrew $3.6B when withdrawals reopened! Binance set aside $6.34B to cover the losses - 90% recovered - But trust was damaged!
2. ETF OUTFLOWS $643M - Institutional Selling!
US spot Bitcoin ETFs saw $643.3M in net outflows on Friday - the biggest single-day outflow in 4 months! BlackRock IBIT shed $405M - its largest outflow since June! Total withdrawals from Oct 28 to Nov 3 reached $1.003B! There were $2.6B in inflows in September - but October saw $290M in net outflows! Institutional money is flowing out!
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