Jim Cramer Notes 'Horrible' Bitcoin Start To December As BTC Falls By $4,000 In Minutes

Jim Cramer Notes 'Horrible' Bitcoin Start To December As BTC Falls By $4,000 In Minutes

Bitcoin (CRYPTO: BTC) is down almost 6% in the past 24 hours after a sudden wave of long-position liquidations erased nearly $4,000 from price in a matter of minutes. Cramer Says Speculation, Not Fundamentals Drove The Slide Jim Cramer said the sharp decline reflected speculative positioning rather than any change in Bitcoin's underlying case.  In a post on X, Cramer said the morning selloff aligned with what he outlined in his Sunday note, argu…

Bitcoin crashes $4,000 in minutes, plunges to $86K as mass liquidations trigger sudden market breakdown - Tech Startups

Bitcoin traders barely had time to react Sunday evening before the market cracked wide open. Just before 8 p.m. Eastern, a surge of sell orders slammed through support, sending Bitcoin from the mid-$91,000s into the high-$86,000s in minutes. The drop […] The post Bitcoin crashes $4,000 in minutes, plunges to $86K as mass liquidations trigger sudden market breakdown first appeared on Tech Startups.

Bitcoin BTC falls $4,000 in 2 hours as mass liquidations return; $400M levered longs liquidated in 60 minutes

According to @KobeissiLetter, Bitcoin dropped by 4,000 dollars within roughly two hours while about 400 million dollars of levered long positions were liquidated over the last 60 minutes, indicatin