Late last night, various assets experienced a significant drop! Bitcoin, gold, crude oil, and stocks collectively plummeted.

Bitcoin fell sharply! Over 170,000 people were liquidated.

In the late night, various assets saw a drop! Bitcoin plummeted! Over 170,000 people were liquidated. From the evening of November 25 to the early morning of the 26th Beijing time, the price of Bitcoin, after rising to about $99,000 per coin, turned down and once fell below the $93,000 mark, with a maximum drop of over 6%. In addition to Bitcoin, other cryptocurrencies also experienced varying degrees of decline, with Dogecoin dropping over 9%. However, Ethereum performed relatively strong.

In the last 24 hours, over 170,000 people were liquidated in the cryptocurrency market, with a total liquidation amount of $547 million. Affected by the sharp decline in the cryptocurrency market, MicroStrategy's stock fell over 4% that day. After hours, the stock continued to decline, dropping about 4% at one point. Last week, there were reports that the company purchased over 50,000 Bitcoins. Previously, with Bitcoin prices soaring after Trump's victory, the company's stock price also surged, with a cumulative maximum increase of over 100%. Senior analyst Wang Shengyu from PANews stated that from a technical indicators perspective, the recent gains in the crypto market have been somewhat aggressive, and various indicators have shown signs of divergence. The greed index reached 80, nearing historical highs, and the contract open interest approached $100 billion, also reaching historical peaks. Therefore, from these perspectives, the FOMO sentiment in the short-term crypto market is severe, and the risk of a pullback is high. In the medium to long term, if Trump can implement the previously promised supportive policies for the crypto industry after taking office, it could further promote industry development. However, on the other hand, Trump's protectionist trade policies may further increase inflationary pressures, forcing the Federal Reserve to adopt a tightening monetary policy, impacting market liquidity. Therefore, there remains significant uncertainty regarding the medium to long-term trends in the crypto market, and it is essential to continuously monitor market changes and approach with caution.

Finally, bull markets will also pull back; the pullback is to clear out those who are highly leveraged and chasing highs. Only by washing out this group can the market continue to rise. Lastly, if you haven't paid attention to my points, make sure to follow closely so you don't get lost, and I'll guide you to potential coins.