Pre December Market Updates
There’s been “sweeping liquidations” and a “deepening risk aversion across majors and alts.”
Zerocap
Crypto ETFs, which have been a major source of institutional interest, saw outflows recently.
Zerocap
Macro Risk Is High
One big factor hurting crypto is concerns around U.S. interest rates / Fed policy. Barron’s reports that cautious comments from Fed Chair Powell about a rate cut in December have weighed on investor sentiment.
Barron's
Risk-off sentiment is pushing traders to move out of speculative assets.
Sentiment Is Extremely Negative
According to CryptoNews, the Fear & Greed Index is very low (“extreme fear”), suggesting that many investors are very risk-averse right now.
Cryptonews
Negative sentiment is reinforcing selling pressure rather than new buying.
