Market bloodbath: BTC narrowly defends 95K, 1.8 billion dollars evaporated overnight The cryptocurrency market has been really exciting these days. Bitcoin once dropped below $95,000, scaring many people into liquidating their positions. The data is even more shocking—nearly 100,000 people faced liquidation within 24 hours, with wallets going to zero, totaling a loss of $180 million. It's important to note that since the flash crash on October 10, the entire crypto market has evaporated over a trillion dollars in market value. Major coins like ETH, ADA, and XRP were not spared either, all experiencing a dive. Veteran players are starting to run away. Behind this round of plummeting is a ruthless character — those "ancient whales" who have held their coins for over seven years are now frantically dumping. On-chain data doesn't lie: in the past month, this group of old retail investors has sold off 815,000 BTC, setting a record for sell-offs since 2024. They are still continuing to offload at a rate of over 1,000 coins per hour. Many early investors consider $100,000 as a psychological price point; when it hits that level, they run, regardless of whether it goes up or down afterward. But there are also people making money. However, the market is not monolithic. The small coin PIEVERSE surged by 136% in one day, CROSS rose by 51%, and PIGGY jumped by 42 points. Even the established privacy coins Zcash and Dash increased by 5%-8% against the trend. What does this indicate? There are still people quietly making money in a bear market; it all depends on whether you bet right. ETF funds are fleeing. The situation is even worse for institutions. Bitcoin ETFs have seen net outflows for five consecutive weeks, totaling $2.6 billion, marking the longest withdrawal period since mid-March. The money votes with its feet, indicating that large funds really lack confidence in the market outlook. The Federal Reserve is causing trouble again. Adding insult to injury, the macroeconomic environment is also uncooperative. The president of the Dallas Federal Reserve directly stated: don't expect any rate cuts in December before seeing a significant drop in inflation. Even more outrageous is the White House press secretary saying that due to the government shutdown, the CPI and employment data for October may never be released. Now, the Federal Reserve has to make decisions in the dark; how can the market not panic? When can it recover? Although Bitcoin climbed back above $96,000 on the night of November 15, the panic sentiment is still brewing. Fundstrat analyst Tom Lee believes the market needs at least six to eight weeks to catch its breath, provided there are no more unexpected issues with the macro economy. At this critical juncture, maintaining a steady mindset is more important than anything else.

The recent actions by the U.S. are quite aggressive—$20 trillion in economic stimulus, a $1.5 trillion government reboot budget, and a $400 billion universal cash distribution plan are all on the table at the same time. What does this scale mean? On average, each American could receive $60,000, which is more than the combined market capitalization of Apple, Microsoft, Google, and Amazon. First, let's take a look at some key numbers: 400 billion in cash distribution is still waiting for approval from the Supreme Court, but this money will eventually flow into the market; the 15 trillion government shutdown losses have now become a reason for policy rebound; the 20 trillion figure is no longer a conventional market rescue method. The impact on the crypto market is direct. When fiat currencies are massively distributed, the logic of BTC as an anti-inflation asset becomes stronger. Traditional financial giants like Goldman Sachs have recently increased their positions in Ethereum ETFs, purchasing over 45 million shares in a single quarter. ETH itself has a technical upgrade scheduled for December, and historically, similar upgrades have seen price increases of 3-5 times. Now we need to focus on three signals: The Supreme Court's ruling on tariff authority determines whether the 400 billion can actually be distributed; the Federal Reserve's stance on inflation directly affects the subsequent pace of liquidity; changes in the correlation between BTC and U.S. stocks can indicate where the funds are flowing. From an operational perspective, many institutions have already heavily invested in BTC and ETH, while allocating stablecoins to hedge against volatility. When these factors of policy catalysts, technological upgrades, and loose capital conditions overlap, the market often does not provide much reaction time. How are you configured now? Let's discuss ideas in the comments.

In recent days, the policy front has exploded—Trump first signed to reopen the government, which had been shut down for 43 days, and then quickly threw out two heavy moves: a $20 trillion economic stimulus plan and a "gift coins" of $2000 for everyone. The signals released by this operation are very clear: money may be coming, and it could be in massive amounts. The government's resumption of operations stabilizes the fundamentals, but what really excites people are the next two moves. Distributing money to the public can stimulate consumption in the short term, but in the long run, it will inevitably raise inflation expectations — once the pressure of fiat currency depreciation arises, funds will need to find an outlet. And the figure of 20 trillion alone is enough to get the market buzzing for a while. What does this mean for the cryptocurrency market? In simple terms: when there is more water, the boat naturally rises. The "digital gold" narrative of Bitcoin will become even stronger—its total supply is fixed at 21 million coins, making it naturally resistant to inflation, which is highly sought after during such times. Although Ethereum's on-chain data hasn't looked great recently and its fee income has been declining, once liquidity really picks up, its ecological advantages and the upcoming Fusaka upgrade may prompt the market to reassess. What’s more critical is that Trump has previously stated that he wants the U.S. to take the lead in the crypto space. This is not just talk; once the regulatory stance eases, traditional institutions will be willing to invest heavily. A combination of macro monetary easing and policy relaxation is simply an ideal scenario for highly volatile crypto assets. Of course, when the water rises, everything will rise, but those that can truly survive and rise steadily are the projects that have a community, a consensus, and are continuously being built. The car may have already started to accelerate, are you getting in or not?