The Blockchain Revolution: Cryptocurrency & DeFi Insights podcast.# Crypto Willy's Weekly Rundown: December WeekHey everyone, Crypto Willy here, and man, what a way to kick off December, right? Bitcoin just took a reality check, and honestly, it's been wild watching this play out.So here's what went down this past week. Bitcoin started November on an absolute tear, hitting Black Friday peaks above $92,000, and everyone thought we were headed to the moon. But then—plot twist—the crypto king came crashing back down. We're talking trading around $85,000 now, which means Bitcoin is down about 9% since the start of the year. That's a sharp reversal, and I know a lot of you felt that in your portfolios.What really caught my eye is that Bitcoin ETFs just posted their worst monthly outflows on record. That's a serious signal that some institutional money is getting spooked. The resistance level around $92,000 didn't hold, and now strategists are watching that $81,000 support level from last month like hawks. There's serious talk about needing to see signs of a bottom before things stabilize.The pressure got so real that over $1 billion in leveraged crypto positions got liquidated in a single day on Monday alone. That's the market doing what it does best—shaking out the overleveraged traders. It's brutal, but it's part of the game.Now, here's something interesting on the company side. Strategy and Circle took hits alongside Bitcoin, but Strategy announced they're sitting on a $1.44 billion US dollar reserve fund. Smart move, honestly—keeps them cushioned if Bitcoin decides to test those lower levels.Beyond the price action, we're seeing a real shift in sentiment. This week felt like a risk-off day across the board. Energy was the only sector up more than 1%, while biotech and aerospace took their lumps alongside crypto. It's like the entire market decided to pump the brakes and reassess.What gets me thinking is whether we're in for that classic Santa Claus rally people keep talking about, or if we're headed into choppier waters heading into year-end. The bounce we saw last week didn't follow through, and that's telling us something. Lower liquidity, lower volumes—it could just be a one-off, or we might be in for some real volatility before we see green again.The interesting thing is retail is actually holding strong. We're seeing record Black Friday numbers, and consumer demand seems solid. But here's the inconvenient truth—if nine out of ten people walk into a store empty-handed and one person buys something, that one sale is all that matters to the numbers. That's kind of where crypto sentiment is right now too.So where does this leave us? Bitcoin's at a crossroads, strategists are looking for those bottoming signals, and we're all watching that $81,000 to $85,000 range super closely. It's not a time to panic, but it's definitely a time to stay sharp and watch the technicals.Thanks so much for tuning in this week, friends. Make sure you come back next week for more crypto insights and blockchain deep dives. This has been a Quiet Please production—head over to quietplease.ai to catch all our content. Stay hodling, and I'll see you next week!Get the best deals https://amzn.to/3ODvOtaThis content was created in partnership and with the help of Artificial Intelligence AI

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