📉 Why Crypto Is Red Today (and Why It Might Be Temporary)
After the US session opened, $BTC slipped below $87K with a fast ~$2K drop in ~30 minutes. That kind of move usually isn’t “news” - it’s leverage getting punished.
💡 Roughly $125M in long liquidations hit within an hour, and the sell-off fed on itself.
Now zoom out: $ETH fell near $3K, and the macro mood isn’t helping. Markets are nervous about a potential BoJ rate hike around Dec 18–19, which hits the yen carry trade. Add a cautious Fed, and risk assets start to feel heavy.
Why it matters: these flushes often do two things:
clear weak leverage
set up a base once panic cools
My question: is this a clean leverage wipeout… or the start of a deeper macro-driven slide?
