BTC Dumps Below 89k as Late-Week Selloff Hits Hard 😭

Crypto gave up early-week stability and slid sharply into Friday ⬇️
🔴 BTC started the week around 91.5k, dipped to 83.9k midweek, then rallied all the way to 93.93k before dropping back to 88.4k today.
🔴 ETH opened near 3035, slid to 2726 midweek, bounced to 3220, and then fell again to 3012 today.
🔴 Total market cap is now about $3.03T, wiping out a chunk of the brief recovery seen at the start of December.

🚗🩸 What drove the drop
The downside pressure intensified through the second half of the week as:
🔤ETF outflows picked up again and continued to drain liquidity
🔤derivatives positioning unwound during the Friday move
🔤the macro backdrop turned risk-off, with investors trimming exposure across most high-volatility assets

The end result: another week where rallies failed to hold and sellers dominated the final sessions.

A few outliers stayed green
Not many assets avoided the red, but a small number stood out:
🟢 MYX gained ~21%, fuelled by speculation around a potential major exchange listing and momentum traders stepping in
🟢 TEL rose ~11%, helped by rotation into lower-cap, high-beta plays
🟢 BCH added ~4%, showing relative strength amid short-term dip-buying

The market once again showed that early-week calm doesn’t mean much in the current environment. By Friday, heavy selling erased most of the week’s progress, and sentiment remains fragile heading into next week 🙃