Transaction URL: https://etherscan.io/tx/0x6b992a14bde24b89a8a64cc75995cfa89455f077fc3718fbe45cf3bb80ed6596
- Crunch
- Global
Bitcoin‘s BTC/USD volatile trading around the $100,000 mark has sparked heated debate about what it driving the increased volatility.
What Happened: On Thursday, Bitcoin reached $103,000 before experiencing a sharp flash crash to $92,000, driven by aggressive profit-taking and cascading liquidations in an overheated derivatives market.
According to Coinbureau co-founder Nic Puckrin, realized profits hit their highest levels since November 2021, echoing a past scenario that triggered a significant correction.
The crash wiped out $500 million in liquidations within 24 hours but found support in the $92,000–$94,000 liquidity zone. BTC has since rebounded, though further…
Read more on Benzinga
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Happy Friday!
The bitcoin blues are real today, though We’ve been told by many a bull that there’s still a few weeks left in December to hit another new all-time high. We’ll just have to see if that pans out.
Keep calm and carry on, as the UK government once advised. We think it’s pretty relevant right now.
Anyway, this morning, we’re diving into this cycle and why it’s really not that different from past cycles (sorry, y’all) and a lot of people have thoughts on AI agents and where they go from here.
See you bright and early Monday.
This time is no…
Read more on Blockworks
