Global Crypto Market Lost $100 Billion in 24 Hrs: What’s next?

The global crypto market has just suffered a staggering $100 billion wipeout, sending shockwaves through investors and institutions alike.

Bitcoin slipped below the critical $90,000 mark, Ethereum dropped over 3%, and altcoins followed suit — raising urgent questions about whether this is a temporary shakeout or the start of a deeper downturn.

The crash in numbers

• Market cap decline: Total crypto market capitalization fell from $3.15 trillion to $3.05 trillion, erasing roughly $100 billion in value.
• Bitcoin breakdown: Bitcoin failed to hold the $94K–$95K range, plunging to $89,614.
• Ethereum and altcoins: Ethereum dropped 3.14% to $3,031, BNB fell to $884.76, XRP slid to $2.03, and Solana dropped nearly 3% to $132.81.
• Liquidations: In late November, over $2 billion in leveraged positions were liquidated within 24 hours, underscoring the fragility of sentiment.

Why it happened

• Leverage unwinding: Heavy margin trading triggered cascading liquidations once Bitcoin broke support.
• ETF outflows: Bitcoin ETFs saw $3.79 billion in redemptions last month, with BlackRock alone losing $2.47 billion.
• Extreme fear: The Crypto Fear & Greed Index plunged to 11, its lowest since the FTX collapse in 2022.
• Macro pressures: Global liquidity tightening and regulatory uncertainty continue to weigh on risk assets.

Recovery scenarios

Short-term bounce (relief rally)

• Oversold conditions: Extreme fear often tempts contrarian buyers.
• Support levels: If Bitcoin holds above $90K, a rebound toward $94K–$95K is possible.
• Catalysts: Short covering, easing macro fears, or slowing ETF outflows could spark a rally.

Prolonged downturn (bearish continuation)

• Institutional retreat: Persistent ETF outflows suggest big players are pulling back.
• Macro headwinds: Tight liquidity and looming regulation may keep risk appetite low.
• Risk scenario: A break below $88K could trigger another liquidation wave, dragging market cap toward $2.9 trillion.

The takeaway

This $100 billion wipeout highlights how fragile crypto’s bullish momentum really was.

With leveraged positions unwinding, ETF outflows accelerating, and fear at panic levels, the market stands at a crossroads.
If Bitcoin stabilizes above $90K, a relief rally could follow. But if it breaks lower, brace for a deeper correction.

The coming days will reveal whether this is a temporary shakeout or the start of a longer bearish phase — and all eyes are on institutional flows and regulatory signals to decide the market’s fate.