Source: CryptoNewsNet
Original Title: How crypto’s promised year-end fireworks turned into a bloodbath
Original Link:
Crypto was supposed to go out with a bang this year.
Heading into the fourth quarter, bitcoin was riding a wave of strong ETF inflows, digital asset treasuries (DATs) pitching themselves as leveraged bets on the next leg higher, and analysts dusting off charts showing the year’s final three months as crypto’s most reliable winning streak.
Add in the promise of looser monetary policy and a friendlier political backdrop in Washington, and many investors convinced themselves of bitcoin heading to fresh record prices into the end of the year.
Instead, here’s what happened: A $19 billion liquidation cascade in October blew a hole in liquidity, spot altcoin ETFs failed to offset selling pressure, and the new crop of treasury-heavy crypto stocks have already started morphing from structural buyers into potential forced sellers.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
5 Likes
Reward
5
4
Repost
Share
Comment
0/400
QuietlyStaking
· 6h ago
Coming back with this again? The year-end rebound dream is shattered, is it really like this?
View OriginalReply0
CryptoNomics
· 6h ago
lmao "promised year-end rally" — if you actually ran a basic time-series regression on macro-correlated assets, you'd see this volatility was statistically inevitable, not some surprise plot twist
Reply0
ProxyCollector
· 6h ago
Once again, it's the annual "End of Year Must Rise" script, and once again, it gets slapped in the face...
View OriginalReply0
EthSandwichHero
· 6h ago
Once again, we've been cut. Where's the booming market at the end of the year that was promised...
How Crypto's Promised Year-End Rally Turned Into a Market Bloodbath
Source: CryptoNewsNet Original Title: How crypto’s promised year-end fireworks turned into a bloodbath Original Link: Crypto was supposed to go out with a bang this year.
Heading into the fourth quarter, bitcoin was riding a wave of strong ETF inflows, digital asset treasuries (DATs) pitching themselves as leveraged bets on the next leg higher, and analysts dusting off charts showing the year’s final three months as crypto’s most reliable winning streak.
Add in the promise of looser monetary policy and a friendlier political backdrop in Washington, and many investors convinced themselves of bitcoin heading to fresh record prices into the end of the year.
Instead, here’s what happened: A $19 billion liquidation cascade in October blew a hole in liquidity, spot altcoin ETFs failed to offset selling pressure, and the new crop of treasury-heavy crypto stocks have already started morphing from structural buyers into potential forced sellers.