The fluctuation of the crypto assets market today (November 18) is mainly influenced by macroeconomic sentiment, internal market structure, and the movement of institutional funds.

📉 Macroeconomic hedging sentiment rises
Market expectations for a rate cut by the Federal Reserve in December have significantly cooled, with the probability dropping from nearly 90% to about 40%. At the same time, U.S. tech stocks faced sell-offs, prompting investors to shift from risk assets like Bitcoin to traditional safe-haven assets like cash.

⚡ High leverage triggers chain liquidation
The market decline triggered a massive liquidation of high-leverage positions. In the past 24 hours, the total amount of liquidations across the network was very high, involving approximately 160,000 traders. This forced liquidation behavior intensified the one-way Fluctuation of prices.

🏛️ Institutional funding support weakens
Data shows that long-term holders of Bitcoin are accelerating their sell-offs. At the same time, there has been a capital outflow from Bitcoin spot ETFs, with significant redemptions of $870 million occurring in a single day, causing the market to lose an important support.

I hope the above summary helps you understand today's market dynamics. Please note that the above information does not constitute any investment advice.