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#CryptoMarketPullback The crypto market is experiencing a pullback, with Bitcoin's price dropping below $100,000 and a 20% correction from its all-time high. This has triggered a selloff in Coinbase, Block, and Robinhood shares, with declines between 11-14%. ¹
*Key Factors Contributing to the Pullback:*
- *Overheated Funding Rate*: The crypto market's November rally and overheated funding rate suggest an imminent pullback in crypto prices soon.
- *October Liquidation Event*: Roughly $19 billion in leveraged positions were wiped out, raising concerns about hidden vulnerabilities in the crypto industry.
- *Economic Jitters*: Investors are cautious about the global economic outlook, awaiting official data releases.
*Market Sentiment:*
- *Bearish Sentiment*: Analysts predict a potential pullback before the next uptrend begins, with some suggesting a bear market might be looming.
- *Institutional Investors*: Despite this, institutional investors are finally starting to warm up to crypto, with significant capital inflows into global crypto exchange-traded funds (ETFs). ² ³
Keep in mind that market volatility is normal, and it's essential to stay informed and adapt to changing market conditions. ⁴