🔴😞 Market Analysis: 23-11-03
Crypto markets are feeling the sting as Bitcoin plummeted below $84,000 in the last hours, notching its lowest level since mid-April and erasing months of bullish momentum—its gains since Trump’s election win now largely gone. This rapid descent, reflected in a $400 billion wipeout of global crypto value, has left retail and institutional investors reeling, with liquidity crunches fueling heavy sell-offs across Bitcoin and Ether. Meanwhile, spot ETFs for altcoins like Solana are attracting fresh inflows even as Bitcoin and Ethereum struggle, hinting at shifting investor appetites in the face of painful corrections.
Looking ahead, the market appears to be trading without strong catalysts, and sentiment has sunk deep into "extreme fear" territory—an echo of crypto's darker cycles. Some whales and bold investors are buying the dip, but with options traders bracing for a potential collapse to $75,000, risks remain high and volatility promises to persist. Still, sharp swings may open opportunities for disciplined traders as selling pressure flushes out weak hands, potentially setting the stage for a new round of accumulation if broader sentiment stabilizes.
- Bitcoin erased post-election gains, dropping below $84,000
- Global crypto markets lost $400 billion in a week
- Liquidity crisis and ETF flows signal shifting investor strategies