1 billion dollars vanished! The long positions were swept away by a wave of liquidations in the crypto market, with Bitcoin falling below the psychological threshold of 100,000 dollars!
The "Christmas surprise" of the crypto market has turned into a "Christmas scare"! In the past 24 hours, long positions were severely liquidated, with 1.02 billion dollars gone, of which 857 million dollars were direct explosions of long positions!
Analyst Hendal bluntly stated: The market was crushed by "bad news", and the risks lurking under optimistic sentiment are about to erupt. However, he also pointed out that this may just be short-term anxiety, and the so-called "Christmas rebound" still has a chance.
The massive volatility of cryptocurrencies has been frequent this month:
On December 5, Bitcoin plummeted by 5.47%, with over 300 million in long positions liquidated; on December 10, the market faced even more severe liquidations, with leveraged positions evaporating by 1.7 billion dollars!
But is this really the arrival of a bear market? Not necessarily!
Analyst Caleb Franzen reminded: History shows that during a bull market, such drastic corrections are not uncommon, but rather a prelude to new highs.
On another front, Trump's U.S. Bitcoin strategic reserve plan is approaching, and the market may enter a new chapter! Once the baton is handed over on January 20 and the direction is clear, both sides of the market may have to undergo a "big liquidation".
Don't be blinded by short-term volatility; Brother Tang teaches you to set your goals, advance step by step, and witness the explosion of wealth with a smile! Follow Brother Tang, and take you from confusion to freedom!
