According to Binance’s December 1 update, BTC recently dropped below US$86,000, marking a decline of over 5% during the last 24 hours.
This drop triggered major liquidations — almost US$646 million in leveraged positions were wiped out across major exchanges early today.
BNB likewise took a hit: on December 1, BNB dropped below US$830, declining around 4.9% within 24 hours.
The slump comes amid broader liquidity stress and shifting macroeconomic conditions (e.g. interest rate expectations), which are weighing on risk assets including crypto.
