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15.11.26 - 18:03
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Liquidation Nightmare Sends Bitcoin Plunging As Market Gripped By "Extreme Fear" (ZeroHedge)
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Liquidation Nightmare Sends Bitcoin Plunging As Market Gripped By "Extreme Fear"
Bitcoin plunged to a four-month low overnight as leveraged long positions unwound compounded by weeks of ETF fund outflows, expectations of higher interest rates (and surging real yields), and concerns about tighter crypto regulation following the Democratic sweep of Congress. The deepening bear market also comes amid a broader retreat from risk assets as uncertainty surrounds the AI bubble, with Jensen Huang's departure from Nvidia adding to those concerns last week.Extreme FearCoinMarketCap's Fear and Greed Index registered "extreme fear" early Sunday.TechnicalsSince peaking around $87,162 in late September, Bitcoin has tumbled into a bear market, dropping roughly 28% to around $62,577 by early Sunday morning. It subsequently pared some losses as a potential short-term floor emerged, recovering to about $65,250 as of 9:15 a.m. EST, still down roughly 25% from its peak.Panic into the weeken...
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