Greed

Long

Solana

when

<p>Over the weekend, the <a href="https://coinpedia.org/news/why-is-the-crypto-market-down-today-9/" target="_blank" rel="noreferrer noopener">cryptocurrency market faced a sharp decline</a>, wiping out $362 billion from its total market capitalization, now at $3.17 trillion. The downturn, driven by increased volatility, liquidations, institutional moves, and profit-taking, affected all the top ten cryptocurrencies by market cap.</p>   
<h2 class="wp-block-heading" id="h-liquidations-hit-hard-especially-for-long-traders">Liquidations Hit Hard, Especially for Long Traders</h2>   
<p><a href="https://coinpedia.org/news/bitcoin-price-drops-below-93k-is-it-time-to-sell-bitcoin-or-buy-bitcoin/" target="_blank" rel="noreferrer noopener">Bitcoin (BTC) experienced sharp</a> price swings, moving between $93,700 and $98,600 in just 24 hours. Other major coins, like Ether (ETH) and Solana (SOL), also took a hit, falling 4.2% and 8.9%, respectively.&nbsp;</p>   
<p>Massive liquidations added to the market's troubles, with $692 million erased in just one day. Long traders using leverage were the hardest hit, suffering $578.5 million in losses.</p>   
<p>The single largest liquidation happened on Binance, where a $4.67 million BTC/USDT trade was liquidated. This triggered more traders to close positions, further dragging prices down.</p>   
<h2 class="wp-block-heading" id="h-institutional-activity-shakes-the-market">Institutional Activity Shakes the Market</h2>   
<p>Institutional actions also fueled the decline. Expiring Bitcoin and Ethereum options worth $9.4 billion and $1.3 billion, respectively, led traders to adjust their positions.</p>   
<p>Bitcoin ETFs saw a net outflow of <a href="https://coinpedia.org/news/spot-bitcoin-etfs-see-438m-outflows-amid-mixed-performance-in-november/" target="_blank" rel="noreferrer noopener">$438 million</a>. BlackRock’s IBIT ETF recorded a $267 million inflow, showing some optimism, but Bitwise BTC ETF’s $280 million outflow highlighted divided sentiment.</p>   
<h2 class="wp-block-heading" id="h-profit-taking-adds-pressure">Profit-Taking Adds Pressure </h2>   
<p>Profit-taking emerged as a key factor behind the sell-off. Over 74,000 BTC were transferred to exchanges in three days as traders capitalized on recent gains. Of this, 19,238 BTC were deposited over the weekend, increasing selling pressure and accelerating price declines.</p>   [post_titles_links postid="385642"]   
<h2 class="wp-block-heading" id="h-market-still-bullish-but-caution-looms">Market Still Bullish, but Caution Looms</h2>   
<p>Despite the drop, market sentiment remains relatively strong. The Crypto Fear &amp; Greed Index, which hit an all-time high of 94 when Bitcoin approached $99,000, <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noreferrer noopener nofollow">has now dropped to 79</a>, staying in the "Extreme Greed" zone, though it has dropped from a recent high.&nbsp;</p>   
<p>While this shows that many traders remain optimistic, it also suggests a sense of caution, as the market may be preparing for a correction.</p>   
<h2 class="wp-block-heading" id="h-faqs">FAQs</h2>   
<div class="schema-faq wp-block-yoast-faq-block">
 <div class="schema-faq-section" id="faq-question-1732625508572">
  <strong class="schema-faq-question"><strong>Why is the crypto market going down?</strong></strong> 
  <p class="schema-faq-answer">The crypto market is down due to volatility, liquidations, profit-taking, expiring derivatives, and institutional actions.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732625509817">
  <strong class="schema-faq-question"><strong>Is the crypto market still bullish after the drop?</strong></strong> 
  <p class="schema-faq-answer">Market sentiment remains strong, though caution is increasing as the Crypto Fear &amp; Greed Index shows signs of correction.</p> 
 </div> 
 <div class="schema-faq-section" id="faq-question-1732625853131">
  <strong class="schema-faq-question"><strong>Why did institutional actions affect the crypto market?</strong></strong> 
  <p class="schema-faq-answer">The expiration of $9.4B in Bitcoin options and $438M in ETF outflows caused adjustments, adding to market pressure.</p> 
 </div> 
</div>

Why Is Crypto Crashing Today? $362 Billion Wiped Out

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