Bitcoin Crashes To 76k As DeFi Liquidations Stack To 600m Hourly 🕸️🦇

Bitcoin just flipped from its sudden surge into a brutal drop under $77,000 the second Wall Street opened its doors. 💀 The altcoins copied the move like always and liquidations exploded to nearly $500 million in one hour alone.

Market Mayhem Hits Hard 🖤

What a ride for anyone holding bags right now. The last day and a half brought insane swings across every market with crypto feeling it extra. After the midterms wrapped and Democrats grabbed the big win, BTC slid to a seven week low at $75,600 in the morning. By afternoon it clawed everything back and blasted past to $81,000, torching $380 million in shorts along the way. A sharp rejection at $81,000 kept it above $80,000 for a minute until the bears snatched control again just an hour ago. In mere minutes BTC crashed several grand straight under $77,000 and aimed at $76,000.

ETH tumbled 7 percent in 24 hours and crashed under $2,300 after flirting with $2,500 yesterday. XRP dropped more than 5 percent to $1.25 while HYPE sank 10 percent, DOGE lost 6.5 percent and SOL gave up 6 percent. Turbulence this wild wrecked way too many over leveraged traders again. CoinGlass data showed over $560 million liquidated in the past hour with $530 million from longs. More than 165,000 traders got rekt in the last day and the single biggest wipeout hit Hyperliquid for $6.62 million.

Stocks Crash Right Beside Us 📉

This crypto meltdown is no lone wolf since Wall Street is leading the chaos. The Kobeissi Letter reported the S&P 500 erased $2.2 trillion in a single hour while total crypto market cap sits at only $2.6 trillion. Analysts noted today’s drop is already double the size of yesterday’s post election bounce. They also flagged the Nasdaq 100 sits just 6 percent from an official bear market after plunging over 4.4 percent in the first hour from above 28,000 down to 27,180. It is now 13 percent off its peak a month ago. The chaos left everyone staring at charts like 😭👀🩸 while longs got absolutely cooked lmao.

---

Just another echo from the void by iconofsin.eth 💖

---

---