💥📊 Bitcoin crashes to $96,000, altcoins bleed📊💥
$BTC fell below $100,000 to $96,000, impacting altcoins and meme coins significantly. This drop, amounting to nearly 10% from its peak, was influenced by the U.S. Federal Reserve's hawkish outlook and anticipated U.S. Treasury liquidity changes in 2025.
Since Wednesday, a broad market crash has led to a loss of millions in market cap and over $200 million in derivatives positions being liquidated.
Large wallet investors have been adjusting their holdings by accumulating some tokens while taking profits on others, which gives an indication of future market trends for retail investors.
Important points
📊 Bitcoin's price fell to $96,000 on Friday, marking a nearly 10% decrease from its highest recorded value.
📊 A broad market downturn led to a 6% reduction in the overall cryptocurrency market capitalization, affecting altcoins as well.
📊 Whales, are increasing their holdings of Bitcoin, Ethereum, and Chainlink, but are selling off their stakes in $SHIB and $PEPE to realize profits.
📊 Following Bitcoin's drop below $100,000, there were liquidations amounting to more than $200 million in derivatives positions.
📍Disclaimer: This is not a financial recommendation, cryptocurrency investments are speculative, and past performance does not guarantee future results. Always conduct your own research and consider your risk tolerance.
Thank you for reading.