Crypto market in turmoil for 2 days! BTC erases its gains for the year, negative news + regulation + infighting among big players shakes everything up🔥
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1. Market bloodbath: 100,000 people liquidated, all gains for the year wiped out!
- BTC plummeting: Dropped below 95,000 on the 16th, hitting a new low of 93,000 on the 17th, with a 24-hour volatility exceeding 3%, barely rebounding to 96,000
- Retail investors suffer collectively: Nearly 100,000 people liquidated in 24 hours, losing over 180 million USD, leveraged funds being ruthlessly harvested
- Market cap evaporates: The total cryptocurrency market cap lost 500 billion USD in a week, falling from 3.7 trillion to 3.2 trillion
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2. Double whammy + intensified regulation: Bear market buff fully stacked!
- Capital fleeing madly: Bitcoin ETF has seen over 2.6 billion USD flow out for five consecutive weeks, setting a record for the longest outflow this year, institutions voting with their feet
- Whales accelerating selling: Veteran whales selling over 1,000 BTC per hour, with a crazy sell-off of 815,000 BTC in 30 days, marking the highest sell-off scale since 2024
- Regulatory crackdown: The National Development and Reform Commission intensifies the crackdown on "mining", proposing punitive electricity prices; Guiyang opens reporting channels to rigorously investigate various hidden "mining" activities
- Macroeconomic environment deteriorating: The probability of the Federal Reserve cutting interest rates in December falls to 50%, BTC's correlation with tech stocks skyrockets, risk assets collectively under pressure
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3. Infighting among big players! The long and short battle is too exciting
- ✅ Bulls holding firm: Tom Lee predicts BTC will reach 150,000-200,000 by the end of the year, Ethereum will enter a super cycle; Arete Capital bets on breaking 200,000 during Trump's term
- ❌ Bears celebrating: Most analysts warn that the bottom has not been reached, stocks like Coinbase still need to drop; Bitwise CEO bluntly states that the four-year cycle has been broken, with no clear trend for 2026
- Cross-border subplot: Cardone Capital buys 888 BTC to engage in a mixed real estate project, a rare large purchase action in a sluggish market
In short: The crypto market is currently under a double squeeze of "negative news + regulation", searching for a bottom in the short term; be cautious when bottom-fishing, and maintain your stop-loss lines without stubbornly holding on! $BTC $ETH $BNB #比特币恐慌
