Jim Cramer Notes ‘Horrible’ Bitcoin Start To December As BTC Falls By $4,000 In Minutes

Bitcoin (CRYPTO: BTC) is down almost 6% in the past 24 hours after a sudden wave of long-position liquidations erased nearly $4,000 from price in a matter of minutes.

Cramer Says Speculation, Not Fundamentals Drove The Slide

Jim Cramer said the sharp decline reflected speculative positioning rather than any change in Bitcoin’s underlying case. 

In a post on X, Cramer said the morning selloff aligned with what he outlined in his Sunday note, arguing that Bitcoin and speculative trading “collaborate to start the month horribly” and have “nothing to do with companies we invest in.”

He added that a surge in Japan’s 10-year yield may have amplified the pressure.

The comment followed one of the fastest liquidation events in weeks. 

More than $400 million in leveraged long positions were …

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