Friends, good afternoon. Today the crypto market has fallen drastically since early morning. First, come on, let's stabilize the excitement a bit and then we'll break down this unexpected fall, what happened, why it was so quick and so intense.

📉 On Monday at the open, Bitcoin plummeted, hitting a low of $83,820, with a fall of more than 7% in 24 hours. Most importantly, throughout November, Bitcoin has already fallen more than 16%. This means that the weakness of the market had already accumulated last month, it just exploded today.
Today everything took a fall in the DeFi world with a very typical and dangerous accident: the liquidity pool of yETH from Yearn Finance was attacked.

The attacker exploited a vulnerability to mint a bunch of tokens andETH out of thin air, thus flooding the supply structure of the pool. The essence of this matter is quite simple: someone manufactured a fake product that generated panic, and money began to be withdrawn in mass.

That's why you see that BTC, ETH, SOL, ADA, and XRP are falling everywhere. The crypto market is more sensitive to trust than any other asset.
The context of market weakness is also an indirect reason for the fall of the market.

So far, Bitcoin has fallen about 7% this year and has experienced a 20% fall this quarter. Currently, the BTC range is between 80,000 and 92,000 dollars. Without volume, without macroeconomic catalysts, the market is practically moving in the fog.

When a market lacks liquidity, even the slightest external force can be amplified and turn into a collapse.

⚠️ Currently, all risk assets in the crypto market are betting on a rate cut in December, which means that if the Federal Reserve does not lower rates, the next impact could still be downwards.