#bitcoin

🚨 Bitcoin Plummets Below $109K, Wiping $170B from Crypto Market! 📉

The crypto market is in turmoil after a brutal sell-off triggered by an FOMC shock. 😱 Bitcoin crashed to $108,652, Ethereum dipped below $4,000, and Solana fell under $200. Total market cap? Down $170B in just 24 hours! 💥

Analysts call it a “post-FOMC hangover” as leveraged positions got obliterated—$11.8B in altcoin bets and $3.2B in Bitcoin speculative positions wiped out. 😵 Volatility is spiking, and short-term holders are feeling the heat as $BTC dipped below the $109,700 realized price. 📊

But is there light at the end of the tunnel? 👀 Matrixport analysts see mixed signals in derivatives markets, with Bitcoin nearing a critical symmetrical triangle apex. A breakout or deeper correction could be imminent, especially with October’s seasonal volatility looming. 📅