Crypto Market Sees $250M in Liquidations
Key Notes
- Crypto liquidations topped $250 million in 24 hours as Bitcoin slipped below $88,000 ahead of US GDP data.
- Total crypto market cap fell 2.46% to $2.96 trillion, while the Fear & Greed Index dropped to 24 (extreme fear).
- Falling active addresses and weak volume divergence suggest the market may need more time to stabilize.
The broader crypto market is facing yet another selling pressure, with daily liquidations soaring past $250 million ahead of the US GDP data release on Dec. 23.
After the rejection at $90,000, Bitcoin
BTC
$87 780
24h volatility:
2.4%
Market…
