The big coin has fallen below the $100,000 mark, now plummeting 6.2% in 24 hours, and even Ethereum has collapsed by over 10%. What's even more terrifying is the data from Coinglass: 342,000 people were liquidated! 1.3 billion evaporated, with 85% being bullish long positions. Some netizens shared screenshots of over 1.89 million orders being cleared in just a few minutes. This wave of bloodbath is too severe; this is not a random collapse, but rather the result of four fatal factors coming together: Federal Reserve pours cold water: interest rate cut dream shattered! The big pancake has already become a master of watching the Federal Reserve's mood to eat. Last week, they just lowered interest rates, and everyone is hoping for more easing in December. As a result, Powell directly said not to assume that interest rates will continue to drop, and the probability of a rate cut in December fell from nearly 100% to 60%. The dollar is strengthening + the U.S. government has been in a shutdown for 33 days, and economic data cannot be released, who dares to enter the market? Risk assets are first sold off before anything else. Organizations fled overnight: 4.8 billion withdrawn! The market that was originally supported by institutions is now being cashed out by the giants. Bitcoin spot ETFs have seen a outflow of 607 million in just one week, and a total of 4.8 billion since February this year! Leading institutions like BlackRock and Fidelity are all withdrawing, and the premium for Bitcoin on Coinbase has turned negative; institutions are clearly voting with their feet. Technical indicators are flashing red: the death cross has arrived! Those in the know understand how deadly the death cross can be. The 50-day moving average has directly crossed below the 200-day moving average, with short-term declines overpowering long-term uptrends. The 110,000 level and the 200-day moving average have both been lost, and now it remains to be seen if the 100,000 level can hold. This is the "faith line" for many people, and if it breaks, it could trigger even crazier selling. Hacker's follow-up: 120 million stolen has shattered confidence! The Balancer protocol was suddenly hacked for 1.2, and multiple platforms urgently froze accounts, causing panic in the entire crypto circle. Everyone was already afraid of technical vulnerabilities, so who wouldn't rush to sell for safety when something like this happened? Even big Bitcoin faith stocks like MicroStrategy fell by 1.8%. The fear and greed index has now fallen into the extreme fear zone. Some are calling for a bull reversal, while others are afraid of breaking 90,000. I sincerely advise everyone not to blindly catch the bottom; this wave is a combination of multiple bearish factors, so let’s wait until it stabilizes before making any moves! #广场发币瓜分千U奖池 #参与创作者认证计划月领$10,000 #十二月降息预测 #BTC