The crypto market fell over 4% in 24 hours as three major bearish factors hit!
#BTC and major altcoins weakened across the board, mainly due to three factors:
1.#币安 Security incident: News of a hot wallet being hacked sparked panic. Although full compensation was promised, investors sold first, and selling pressure combined with leveraged liquidations to accelerate the market decline.
2. Google shares plunged: Earnings fell short of expectations, AI spending soared, and cash flow turned negative. The stock fell 12.64%, dragging down tech stocks.
3. The Fed struck a hawkish tone: Expectations of a December rate hike intensified, further suppressing any rebound. #美国中期选举倒计时，美股博弈窗口已开启？
In the short term, keep an eye on the resumption of Binance withdrawals, macroeconomic news, and institutional fund flows. Until the market stabilizes, don't rush to buy the dip—manage your risk first.
Liquidation alert: Over the past 24 hours, 237424 people were liquidated across the network, for a total of $1.536 billion. Long positions accounted for $1.283 billion in liquidations, while short positions accounted for $253 million.
#BTC and major altcoins weakened across the board, mainly due to three factors:
1.#币安 Security incident: News of a hot wallet being hacked sparked panic. Although full compensation was promised, investors sold first, and selling pressure combined with leveraged liquidations to accelerate the market decline.
2. Google shares plunged: Earnings fell short of expectations, AI spending soared, and cash flow turned negative. The stock fell 12.64%, dragging down tech stocks.
3. The Fed struck a hawkish tone: Expectations of a December rate hike intensified, further suppressing any rebound. #美国中期选举倒计时，美股博弈窗口已开启？
In the short term, keep an eye on the resumption of Binance withdrawals, macroeconomic news, and institutional fund flows. Until the market stabilizes, don't rush to buy the dip—manage your risk first.
Liquidation alert: Over the past 24 hours, 237424 people were liquidated across the network, for a total of $1.536 billion. Long positions accounted for $1.283 billion in liquidations, while short positions accounted for $253 million.
