The crypto market kicked off this fresh business week all twisted up again. With BTC crashing down to a new multi-month low of 73,500 📉.
Market Chaos Hits Hard This Time 😈
This time ETH got slammed even worse. It nearly crashed straight under 2,000 for the first time since mid-August 🖤.
Liquidation Frenzy Going Wild 📉
November already feels brutal for everyone after that wild October bleed out. Especially with the huge Binance hack right at the end. Last week turned super shaky once the US midterms wrapped. BTC first slid from 78,000 to 75,600 then shot up to 81,000 only to get rejected hard and drop below 75,000 again. It bounced back over the weekend and held kinda steady around 76,000 even with fresh US-Iran drama flaring up. But Monday morning flipped the script with bears running the show. Hours ago BTC hit its lowest point since that mid-August rally at 73,500. It clawed back a bit yet still sits under 74,500 rn. Most altcoins took even nastier hits like ETH falling below 2,100. XRP dipped to 1.09 after touching 1.06. PI just hit a fresh all-time low while RAY, ASTER, STX and LIT each dropped 6% or more 🌑. These crazy swings wrecked over 155,000 over-leveraged traders in the past 24 hours. Total liquidations topped 1 billion with longs eating over 930 million of that pain 💸. ETH led the volatility charge today. Its long liquidations smashed past BTC’s at 455 million. The biggest single wipeout was a nearly 50 million long on ETH that vanished on Binance.
Fr tho this whole scene screams total market meltdown vibes.
Just another echo from the void by iconofsin.eth 💖
