🔥 This morning Bitcoin was rubbed on the ground! In one hour, it fell 4.3% to 88,500.

BTC, ETH, BNB all suffered a setback:
ETH fall 5%, BNB fall 7%
The entire network saw a big dump with 220,000 people liquidated, resulting in losses of 12.2 billion USD.
This is not a black swan, it is a choir-level disaster 🎭 with many kills and many kills

The core reason is simultaneously at play:
1️⃣ High leverage liquidation: Falling below 90,000 triggers 15 billion in forced liquidations, accelerating the chain liquidation.
2️⃣ The Federal Reserve turns hawkish: November data is too strong, interest rate cut expectations are significantly weakened, and the dollar soars.
3️⃣ ETF continues to see outflows: institutions have withdrawn funds for 7 consecutive weeks, with outflows of 88 million dollars last week.
4️⃣ Regulatory Pressure: The US-Canada cryptocurrency bill is stalled in the Senate, and there is further emphasis on the illegality of virtual currencies domestically.
5️⃣ Technical weakness: a 25% drop from 125,000, and the sell-off breaks through.

📉 Summary:
Macro tightening + institutional withdrawal + high leverage liquidation + regulation + technical collapse = this knife this morning
Short-term support is at 86,000, but there is huge pressure. It is expected to fall to 75,000 before there is a chance to rebound. The start of December is so exciting, and the upcoming market will only be hotter🔥#BTC #比特币行情观察 #十二月行情展望