If you didn't buy Bitcoin at $40,000...

[Botten]

Originally Posted by shovelquest

I'm sure this is more related to 31 atlas coming to incinerate half the world's population in a couple of months.

Originally Posted by shovelquest [You must be logged in to view images. Log in or Register.]

lol you're the one replying. Jokes on you!

Now tell me about the fascism and 2010 climate point of no return you genuinely believe in again?

How do you manage to continue to push a conspiracy theory and parrot misinformation on a date about any climate statement?

[Reiwa]

Originally Posted by Botten [You must be logged in to view images. Log in or Register.]

How do you manage to continue to push a conspiracy theory and parrot misinformation on a date about any climate statement?

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[shovelquest]

I know you're new around here but before you got here the cult you joined used to preach that a lot boy.

[shovelquest]

[Ekco]

these cybersecruity dudes talking about that north korean crypto hack earlier this year is hilarious

[Reiwa]

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[shovelquest]

Gold wins.

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I hear that China is heavily investing in gold to be able to avoid sanctions.

So maybe that means we'll see USA going full crypto. (mark of the beast).

[Ekco]

"Bitcoin has officially dropped below $100,000 for the first time since June of 2025" currently back up to 101k

"Ethereum Turns Negative for 2025 as Crypto Liquidations Exceed $1.1 Billion"

[shovelquest]

Originally Posted by Ekco [You must be logged in to view images. Log in or Register.]

"Bitcoin has officially dropped below $100,000 for the first time since June of 2025" currently back up to 101k

"Ethereum Turns Negative for 2025 as Crypto Liquidations Exceed $1.1 Billion"

Any reason other than general chaos?

[Ekco]

general chaos

1. Macroeconomic Uncertainty (The Fed's Stance)
Hawkish Federal Reserve Comments: Remarks from the U.S. Federal Reserve Chair, Jerome Powell, downplaying the certainty of another interest rate cut in December have increased market uncertainty.

This makes investors nervous about the economic outlook and encourages them to sell off riskier assets like cryptocurrencies.

2. High Selling Pressure (Particularly from U.S. Traders)
U.S. Trader Influence: Analysts have pointed to selling pressure originating from U.S. investors.

The Coinbase premium (the price difference between Coinbase and other exchanges) turned negative and widened, suggesting that U.S. investors were selling more heavily than those on other global platforms.

Long-Term Holder Selling: There were reports of persistent selling from so-called long-term Bitcoin holders, with a significant amount of Bitcoin (worth billions of dollars) sold over the last month, adding to the downward momentum.

3. The Liquidation Cascade
Leverage Explosion: The massive $1.1 billion+ in liquidations is not a cause but a major amplifier of the price drop. It signifies a "leverage explosion."

When the initial price slip began, it triggered the automatic forced sale of leveraged long positions (traders betting on the price going up with borrowed money).

This mass forced selling pushes the price even lower, triggering more liquidations in a vicious cycle, which quickly wipes out billions of dollars in positions and deepens the crash.

4. Ethereum-Specific Events
DeFi Exploits/Hacks: A major hack on a DeFi protocol (Balancer) and other issues in the Ethereum-linked ecosystem (like the Berachain network halt) coincided with the drop, likely raising investor concerns about the platform's security and stability.

In summary, a hawkish macroeconomic outlook (The Fed's stance) seems to have spooked the market, leading to heavy selling, especially by U.S. investors, which then triggered a massive, cascading liquidation event that sent prices sharply lower.