BREAKING 🚨 THE CRYPTO MARKET JUST LOST $54 BILLION IN THE PAST 30 MINUTES!

🪒 Bitcoin crashed below $105,000, a large number of altcoins hit new lows on October 11 — mass liquidations of long positions began on exchanges.

For example, a whale on the HTX exchange had a long position liquidated for almost $48,000,000 in a single order (in the BTC/USDT pair).

👻 The fear and greed index has dropped to 21 — extreme fear.

🩸 Bitcoin has crashed below $100,000 for the first time in 4 months.

📉 If Bitcoin does not hold above the $100,000 mark, the price may drop to $72,000 — CryptoQuant

After a record $20 billion liquidation on October 10, demand for cryptocurrency has noticeably weakened — spot purchases are decreasing, outflows from ETFs continue, and BTC is trading at a discount on Coinbase. The Bull Score index fell to 20 out of 100, signaling a strongly bearish market sentiment.

Nevertheless, analysts note that the $100,000 level is more psychological in nature: record inflows into Bitcoin ETFs, growth in corporate balances, and a possible end to the Fed's QT policy could become drivers of recovery.

🔮 Arthur Hayes in a new essay stated that the Fed will soon start the "printing press," after which Bitcoin, according to him, will "go to the Moon".

He expects sharp volatility due to a possible shutdown and believes that many traders mistakenly rely on outdated 4-year cycles, so they will prematurely sell BTC.

🇯🇵 Metaplanet plans to raise $100,000,000 secured by BTC to buy even more BTC.

Over the past month, the company's shares have plummeted by 29%.