📉[The crypto market faces "Black Friday", BTC falls below 100,000, ETH falls below 3,200]

Today (November 14), the crypto market has experienced a widespread fall, with Bitcoin briefly breaking below the psychological threshold of $100,000, hitting a low of $98,000, and currently reported at $100,294; Ethereum has also fallen below $3,200, currently reported at $3,252. The total market value has evaporated about 2% in 24 hours 👇 Behind the sharp decline, three core factors cannot be ignored:

🔻 𝟭. The US stock market "plunged" dragging down risk assets with the Nasdaq falling 2.29%. Tech stocks were sold off, directly impacting the crypto market. BTC is highly correlated with the Nasdaq, leading to heavy losses in crypto concept stocks: $MARA -11%, $RIOT -10%, $MSTR -7%. Market panic sentiment is spreading.

🔻 2. The "hawkish shadow" of the Federal Reserve looms, with a sharp decline in interest rate cut expectations. Officials like Powell have released tightening signals, and the probability of a rate cut in December has fallen below 50%. U.S. Treasury yields have surged to 4.11%, and funds are rapidly withdrawing from interest rate-sensitive assets.

🔻3. Internal factors amplify the fall: Long-term holders selling + leveraged cascading explosion data shows HODLers are accelerating their reduction, ETF capital inflow is weak, and high leveraged positions are being washed out, $BANK plummeted 29.8% in a single day, structural risks are once again exposed.