🚨Today’s Crypto Crash Explained in 20 Seconds
Crypto is sliding hard today.
$BTC dropped under $100K and touched $96.8K. $ETH, $SOL and $XRP all fell more than 9%.
More than $1B in leveraged positions were liquidated in 24 hours, which accelerated the selloff and triggered more forced selling.
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The driver is uncertainty.
Missing government data has muddied the Fed’s December decision. Rate-cut odds crashed from 94% last month to under 50% now.
Spot $BTC and $ETH ETFs saw $870M in outflows, the second-largest day ever, as institutions de-risk.
Whales sold more than 815K BTC this month.
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5,978
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