CryptMarket Analysis — 24-09-12
Crypto markets continue to see significant turbulence within the past hours, highlighted by a sudden $200 billion crypto sell-off that has sparked renewed fears over a Bitcoin price crash. This mass liquidation is largely attributed to the SEC’s approval of major rule changes, leading to concerns that ETF ‘floodgates’ may trigger new volatility. At the same time, Bitcoin and Ethereum have extended heavy overnight losses with total market capitalization falling below $4 trillion, and more than $1.5 billion in leveraged positions liquidated. Gold rallied sharply as investors rotated into safe-haven assets, suggesting risk-off sentiment dominates amid regulatory shocks and macro uncertainty.
Short-term market sentiment is decisively bearish as traders digest fast-evolving regulatory news and anticipate further downside risks. Institutional investors remain cautious with liquidation spikes and shifting flows out of crypto into metals and stocks. Until regulatory clarity improves and selling pressure subsides, expect continued volatility and defensive positioning from market participants.