Slaughter! BTC plunged to $93,000 this morning, Bitcoin spot ETF saw a net outflow of $376 million.

Bitcoin plummeted to a low of around $93,000 this morning at 06:30, marking the lowest point in nearly a week. The market liquidity shortage caused by the European and American holidays seems to have not shown significant recovery. (Background: Bitcoin technical indicators bullish: VIX fear index suggests a bottom, Fibonacci predicts breaking through $160,000 in February next year) (Supplementary background: Bitcoin plummeted by $96,000, with 300,000 people liquidated for a billion dollars! Analysts: The Fed's slowdown in interest rate cuts does not change the rising trend of BTC) Bitcoin fluctuated around $95,000 over the weekend, reaching a peak of $95,750 yesterday, but a new wave of decline began in the evening, dropping to a low of around $93,000 this morning, marking the lowest point in nearly a week. Before the press deadline, Bitcoin had slightly rebounded to $93,610. It has dropped 1.32% in the last 24 hours. Bitcoin spot ETF funds have once again flowed out. In terms of Bitcoin spot ETF performance, last Friday saw another outflow of $287 million (after deducting a net outflow of $376 million from the holiday week), and it currently appears that the market liquidity shortage caused by the European and American holidays has not shown significant recovery. If the outflow situation does not improve, it may continue to pressure Bitcoin prices. In the last 24 hours, $155 million was liquidated. According to Coinglass data, in the past 24 hours, the total liquidation amount across the cryptocurrency network reached $155 million, with long positions liquidated at $116 million being the majority, and short positions liquidated at $36.98 million, with over 75,000 people being liquidated. Bitwise: Further declines may occur in the coming weeks. Facing the continuous decline of Bitcoin, Bitwise's European research director, Andre Dragosch, stated last week that this risk-averse sentiment might continue for a while: Overall, the Fed is currently in a dilemma, and despite the three rate cuts since September, financial conditions continue to tighten. At the same time, according to Truflation's U.S. inflation index, immediate inflation measurements have accelerated to new highs in recent months. Dragosch added that Bitcoin may experience further declines in the coming weeks, but this might also present a good opportunity to buy the dip: Therefore, it is likely that we will see more painful declines in the coming weeks, but given the ongoing positive factors from Bitcoin's supply shortage, this could be an interesting buying opportunity. Additionally, according to Cointelegraph reports, Bitwise's Chief Investment Officer Matt Hougan stated that the recent pullback in the crypto market may be due to the 'natural clearing of leverage' and emphasized that the long-term fundamental factors remain strong, with the crypto market still in a strong bull market. Related reports: Not swayed by IMF restrictions, El Salvador rare increase of 11 BTC this morning, Bitcoin purchasing plan will accelerate? Breaking news: The Bank of Japan maintains a 0.25% interest rate, Bitcoin returns to above $100,000. The 10-year U.S. Treasury yield breaks above 4.5%! New bond king: will not buy Bitcoin before Trump takes office. 'Slaughter! BTC plunged to $93,000 this morning, Bitcoin spot ETF saw a net outflow of $376 million last week.' This article was first published on BlockTempo (the most influential blockchain news media).