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Don't remind me again today

CryptoNomics

2025-11-21 01:31:10

#特朗普撤销农业产品关税 The market is shaking again! The panic index has dropped directly to 14, and this wave of sell with bearish market is really a bit harsh.

Last night, as soon as the non-farm payroll data was released, the US stock market crashed — the Nasdaq fell over 2%, Nvidia even rose by 5% during the session, but ultimately couldn't hold on, closing down 3 points. The Dow and S&P were not much better, falling 0.84% and 1.55% respectively.

The situation on the crypto side is even worse. Bitcoin plunged directly to $86,100 at 3 AM, and as Ethereum broke below $2,800, it is estimated that a batch of contracts in the futures market also got liquidated. Now it has slightly recovered, with BTC hovering around $87,200 and ETH barely standing back above $2,850.

The rhythm of this round of fall is quite obvious: during the US stock market opening hours, it was pushed down, and then it slowly recovered during the Asian session. To put it simply, the sell-off is happening from the US side, and the outflow data of ETF funds also confirms this point. The recent outflow scale of Bitcoin and Ethereum spot ETFs is considerable, combined with the weakness of the US stock market, both sides are dragging each other down.

What's worse is that the market no longer expects a rate cut in December. Employment data is too strong, and the risk of rising unemployment has been suppressed, with only a 39.6% probability of the Federal Reserve cutting rates by 25 basis points this month. Once liquidity expectations change, risk assets naturally bear the brunt. $TNSR , this kind of imitation goes without saying, and it never hesitates to fall.

BTC-0.07%

ETH-1.42%

TNSR-10.77%

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SmartMoneyWallet

· 11-23 22:10

Well, the outflow from the ETF is quite severe, indicating that large funds are indeed exiting. That long wick candle at 86100 really hurts. Has the contract liquidation data come out? We need to look at the on-chain chip distribution to determine whether this wave is a Whipsaw or a real collapse.

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rugpull_ptsd

· 11-23 13:32

Another wave of retail investors takes a big hit, U.S. stocks drag crypto down with them, this rhythm is just unreal... --- At the moment of the 86k wick I thought it was going straight to zero, now I’m still hesitating whether to average down... --- When the Fed says no rate cuts, the market just has to kneel obediently. Once liquidity disappears, risk assets really can’t hold up. --- Nvidia was up 5% intraday and it still didn’t help, ended up following the index down anyway. It’s really hard to catch a profit opportunity. --- Don’t even look at altcoins at this point, when they drop it’s even worse than BTC, straight down waiting for zero... --- Just one Nonfarm Payrolls release and everything collapses? Feels like it’s always the same script every time. --- ETF funds keep flowing out, which means institutions are running too. We have to follow the smart money’s lead. --- Swinging back and forth around 87k, is this the bottom or will it keep dumping? Really can’t tell... --- Agricultural tariffs are lifted but prices still drop? The market’s expectations have flipped, this thing gets harder and harder to understand. --- Another round of liquidations on contracts, every time the market moves like this there’s someone catching the falling knife. Feeling sorry for them for two seconds.

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GasFeeCrybaby

· 11-23 13:28

Here it comes again, this rhythm is really incredible. That long wick candle at 3 AM almost gave me a heart attack. Can these people from the Fed give us a breather? The 39.6% interest rate cut probability is truly laughable, they're playing people for suckers.

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RektRecovery

· 11-23 09:42

nah this is just textbook liquidity crunch playing out exactly as predicted. ETF outflows + weak jobs = everyone rushing for the exits simultaneously, classic cascade pattern we've seen a hundred times before. btc testing support levels while fed keeps the rate hike theater going... market's basically pricing in the pain now, which tbh means the real capitulation probably hasn't even started yet

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SchroedingersFrontrun

· 11-21 02:01

Here comes the same old trap again, US stocks dumping while Asia catches the falling knife, ETF outflows can't be stopped at all. The moment the contracts exploded, I knew I had to run, and now recovering losses doesn't even matter anymore. Trump is withdrawing tariffs? Heh, this is obviously an attempt to save the market, too obvious. --- The Long Wick Candle to 86k was really a bit ridiculous, but thinking about it, it's also normal. --- With interest rate cuts, liquidity is gone, what can risk assets do? They can only continue to be smashed. --- The ETF outflows are so fierce, institutions really seem to be running away. --- Bitcoin swaying around 87k is a bit annoying, what kind of market is this actually? --- The US dumps while Asia catches, this script is always the same, it's honestly getting boring.

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MetaDreamer

· 11-21 02:00

Here it comes again, this rhythm is really amazing. When the US stock market crashes, encryption has to pay the price. The ETF is still bleeding, who is dumping it?

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GasFeeCryer

· 11-21 02:00

Here it comes again, every time the US stock market trembles, encryption has to go down with it, this routine is so overused. The contract explosion is so fierce, someone must be intentionally dumping, it's too ruthless. What happened to the promised interest rate cuts? It's all gone now, the Fed really knows how to play.

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HodlVeteran

· 11-21 01:54

It's the same routine again, when the US stock market sneezes, crypto catches a cold, I'm so tired of it. I dodged that long wick candle at 3 AM, but the screams of liquidated contracts are still echoing in my ears... I'm getting older, and now I just like to hold BTC, let the young people go all in on alts. --- No more interest rate cuts? Laughable, I knew the Fed was just bluffing. It should have been time to get out of positions and preserve capital long ago, but now I have to wait until now... --- That drop to 86K scared me into a cold sweat, and that’s when I understood what risk assets really mean. The ETF withdrawal is a signal, why are there still people buying the dip? --- The current market is like slamming the brakes hard while driving, everyone behind will rear-end each other, no one can escape. To those catching a falling knife, buckle up. --- The problem isn't Trump's tariffs, the problem is liquidity freezing, everything has to fall. If this really is the bottom, I, the experienced driver, am already prepared to take a beating.

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DeFi_Dad_Jokes

· 11-21 01:44

Here we go again? One word from Trump and the market shakes thrice, the contract traders are about to Get Liquidated again. --- I was almost liquidated at the 86k Long Wick Candle, it was really unbelievable. --- The Fed isn't lowering interest rates, and there's no Liquidity left, that's the logic chain, my frens. --- If Nvidia can't hold on, what else can we expect? The whole market is heading down. --- Alts are lying in a pile of corpses, it's a death wish to enter a position now. --- Asian session recovery? Ha, wait for the US to continue dumping. --- With such clear ETF outflows, how can some people still not understand? Money is running away. --- As soon as the non-farm data comes out, you know there's no hope, a 39.6% chance of rate cuts is laughable. --- This rhythm is too fierce, it hasn’t calmed down from last night till now. --- The contract market has exploded again, some people are about to eat dirt.

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