Why did the market suddenly big dump? Is it going bearish?
Yesterday, both the US stock market and the cryptocurrency market saw a fall, with Bitcoin dipping to a low of $106,305.
The main reason for the fall is that Federal Reserve Chairman Powell said there may not be a rate cut in December, which has caused a certain level of panic in the market in the short term.
In the past 24 hours, the entire network has seen a liquidation of 1.1 billion USD, with long positions liquidated at 958 million and short positions at 140 million, mainly driven by long position liquidations.
The Fear and Greed
View OriginalYesterday, both the US stock market and the cryptocurrency market saw a fall, with Bitcoin dipping to a low of $106,305.
The main reason for the fall is that Federal Reserve Chairman Powell said there may not be a rate cut in December, which has caused a certain level of panic in the market in the short term.
In the past 24 hours, the entire network has seen a liquidation of 1.1 billion USD, with long positions liquidated at 958 million and short positions at 140 million, mainly driven by long position liquidations.
The Fear and Greed
















