#BitcoinPriceWatch There is a severe plummet in Bitcoin! Here is the reason and liquidations!

The world's largest cryptocurrency Bitcoin has once again entered a plummet wave in the last hours.
The leader of the cryptocurrency market, Bitcoin (BTC), has once again come to the forefront after experiencing a pullback of approximately 1.8% in the last hour.

The price is currently trading at $88,793 at the time of writing this article. This rapid plummet has once again revealed the increasing selling pressure and liquidity fluctuations in the market.
Two main factors are emerging behind the plummet: the ongoing outflows from Bitcoin ETFs and the strengthening likelihood that the FED will not cut interest rates in December.

In recent days, there have been hundreds of millions of dollars in outflows from spot Bitcoin ETFs. Especially the movements from large funds reflect the weakening of the institutional appetite for risk. ETF outflows create additional pressure on prices as they directly increase the flow of Bitcoin to exchanges.
On the other hand, the probability of a rate cut from the FED in December has rapidly weakened. Most recently, Morgan Stanley announced that it predicts the FED will not cut rates in December. This outlook is causing a concentration of sell-offs in high-risk assets with high interest sensitivity, such as Bitcoin.
The plummet in the market was not limited to Bitcoin. Ethereum (ETH) decreased by 2.17%, XRP by 2.45%, and Solana (SOL) by 2.74%. Total liquidations reached 695 million dollars in the last 24 hours, with 493 million dollars coming from long positions. Liquidations in just the last hour amounted to 107 million dollars.

This sharp selling wave has quickly pulled investor sentiment down. The Crypto Fear and Greed Index is at 15 points, indicating the "Extreme Fear" zone. This level signals periods when panic selling intensifies in the market.
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