#美SEC促进加密资产创新监管框架 On December 6, the crypto market gave everyone a lesson with a collective plunge.

$BTC led the team downward, breaking through the $90,000 barrier and at its worst dropping to around $84,000, evaporating over 3% in a single day. Ethereum and other major coins? Fell even harder than the big brother. Across the network, 133,000 people got wiped out, and $425 million vanished in 24 hours—the numbers alone are painful to see.

Market sentiment? The fear index plummeted to 22, firmly in the "extreme fear" zone.

As for the reasons, on the surface it looked like a technical breakdown: long positions were liquidated in succession, triggering a stampede of selling. Digging deeper, the core PCE inflation data for September was released (annual rate 2.8%, lower than expected), which should have been positive news—making a Fed rate cut next week almost certain. But the market chose the "all good news is priced in" route, and those who could profit had already exited.

According to a major exchange, despite the overall carnage, a small number of tokens became active due to sudden events, showing clear structural divergence. The question is, how long can this rebound last? Time will tell.