Bitcoin plunged below $100,000 as the Fear and Greed Index flashed extreme fear. Over $1.34 billion in leverage positions were liquidated in one of the largest liquidation cascades of the year. A decline below $100,000 appears inevitable. The Fed is cutting rates and ending quantitative tightening, and major crypto legislation has been signed into law. However, the analyst believes Bitcoin will be at $150,000 by the end of the year. A massive divergence exists between retail fear and institutional opportunity. Spot Bitcoin ETFs saw net outflows of $1.34 billion as BlackRock's IBIT led the exodus. Long-term holders were selling into strength, with miner wallets experiencing their largest outflow in nearly six weeks. A primary support zone exists between $92,000 and $95,000, while more extreme scenarios see a drop towards the 100-week moving average at $82,000 or even a full retrace to $72,000. Progress in US-China trade negotiations has spurred a frenzy in the semiconductor and artificial intelligence sectors, drawing capital from crypto. The official end of quantitative tightening in December cannot be underestimated.