$BTC The cryptocurrency market directly entered a 'free fall' mode in Q4, making people's scalp tingle!
According to the latest data from Coinglass, Bitcoin's cumulative decline since Q4 has soared to 23.76%, marking the second worst fourth-quarter performance in history, second only to the 42.16% crash record in Q4 2018 😭. It has fallen from a high of 126,000 in October to now over 80,000, erasing all previous gains!
Even harsher is Ethereum! During the same period, it plummeted directly by 31.54%, now only slightly better than the disastrous situations in 2016 (-39.47%) and 2018 (-41.62%). After falling below $3,000, it hasn't recovered, and in the last 24 hours, there have been countless liquidations!
Behind it all is a chain reaction: the expectation of the Federal Reserve lowering interest rates has gone up in smoke, ETF funds have been continuously flowing out, and institutions are frantically selling off to stop losses. Coupled with high leverage liquidations causing a chain explosion, the market's fear index has directly dropped into the 'extreme fear' zone 🤯 How many people bought the dip only to get stuck halfway up the mountain, with down payments and betrothal gifts all trapped...
The cryptocurrency world is indeed a place where heaven and hell are just a thought apart. Those who dare to enter now must be true warriors, right?!$ALT
