#Bitcoin's "Black Friday"
PlungeBitcoin Black Friday: BTC Dips Below $95K Amid $1.1B Liquidations – Tether CEO Sounds the Alarm
Bitcoin is facing its steepest single-day drop in months, plunging below $95,000 as the broader crypto market sheds over 5% in value, wiping out $200B+ in total cap. Tether CEO Paolo Ardoino dubbed it a "Bitcoin Black Friday," highlighting the chaos from over $1.1 billion in derivatives liquidations triggered by the sharp reversal from recent highs above $100K. Institutional moves are mixed: BlackRock clients offloaded $257M in BTC, yet MicroStrategy's Michael Saylor declared, "We are buying," signaling long-term conviction amid the fear.
Ethereum tumbled 10%+ to $3,100, while altcoins like XRP (-9%) and SOL (-8%) followed suit. Analysts eye support at $92K for BTC; a rebound could hinge on fresh liquidity from China's ¥1.12T injection and easing SEC regs. Fear & Greed Index: Extreme Fear (15). Despite the route, this dip is drawing dip-buyers betting on a year-end rally.
Supporting Picture (from @CoinDesk's breaking post, capturing the BTC price plunge chart):
