🔥 Crypto Starts December in the Red — Here’s Why
November wiped out billions… and the pressure isn’t done yet.
The market opened December with fresh dips as liquidations, weak global markets, and fading risk appetite keep traders on edge.
🔻 What’s driving the drop?
• November’s massive long wipeout triggered a carry-over cascade
• Macro stays tight — strong USD & high yields are squeezing risk assets
• Asia & Europe opened weak, dragging crypto along
• Miners + OTC desks increased selling after a rough month
• Traders are hesitating to re-enter, leaving liquidity thin
• BTC is testing major support, amplifying volatility
📉 With confidence still shaky, even small sell orders hit harder.
But here’s the upside:
Flush-outs like these often reset leverage, clearing the path for healthier moves ahead.
Stay sharp. Stay informed.
#BTC #ETH #altcoins #CryptoNews
