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Why is the crypto market declining?
Coinpedia
1h ago
Ai Focus
On November 11th, the cryptocurrency market fell by 2.04% within 24 hours, with the total market value dropping to 2.45 trillion dollars. Large-scale margin calls on Bitcoin exacerbated selling pressure, investor sentiment weakened, and the Fear & Greed Index dropped to 26; Bitcoin's ETF assets also decreased from 99.39 billion dollars to 98.99 billion dollars. The market is currently facing the critical level of 2.45 trillion dollars.
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Why is the crypto market declining?

On November 11, the cryptocurrency market fell by 2.04% within 24 hours, with the total market value dropping to 2.45 trillion US dollars.

The large-scale liquidation of Bitcoin positions is increasing selling pressure, with Bitcoin positions worth $203 million being liquidated, including $176 million in long positions.

Investor confidence is also waning, with the Crypto Fear and Greed Index (Fear & Greed Index) reporting a value of 26, indicating that the market is in a “fear” state.

The asset scale of Bitcoin ETF has also decreased, from $99.39 billion to $98.99 billion.

Currently, the market is facing a crucial test at the level of $2.45 trillion. If it rebounds above $2.48 trillion, it may help to alleviate selling pressure; if it falls further, the downward trend could continue.

The author states that the views and opinions expressed in this text represent solely their own judgment of the current market conditions. Investors should conduct their own research before making investment decisions. Neither the author nor the publishing platform assumes any responsibility for the financial choices of readers.

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