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Crypto Market Loses $140B in Flash Crash with $600M Liquidated
12/01/2025, 03:36
AI SUMMARY
●Bitcoin drops $4,000 in two hours, triggering $400M in hourly liquidations
●Total crypto market cap shrinks by $140B with no specific news catalyst identified
●November closes with BTC down 17.67%, its worst performance for the month since 2018
A sudden market sell-off has wiped approximately $140 billion from the total cryptocurrency market capitalization in just four hours. Bitcoin plummeted by over $4,000 within a two-hour window, triggering a cascade of liquidations totaling over $600 million for the day, with $400 million occurring in a single hour.
The Kobeissi Letter and other analysts note a lack of specific news driving this price action, which marks Bitcoin's worst November performance since 2018 with a 17.67% decline. Despite the panic, historical trends cited by ChainCatcher suggest December often brings positive returns for major assets.
Traders and community members have expressed significant distress over the price action, particularly regarding altcoins, as the market searches for a bottom.