Bitcoin falls below the 85,000 mark, $550 million liquidation triggers a chain reaction

2025-12-18 22:22:40

【Crypto World】Market takes a sharp turn downward. Bitcoin loses its key support level, dropping from $85,000 to $84,500, dragging down overall market sentiment. Ethereum also couldn’t avoid the decline, breaking below the $2,800 psychological barrier; Solana faces pressure as well, with SOL falling nearly 4% in a single day and dropping below $120. The performance of altcoins is even more brutal—mainstream small-cap coins like ADA and DOGE have plummeted over 5%.

This round of correction triggered a massive liquidation of $550 million, forcing many leveraged traders to be liquidated. Interestingly, the negative funding rate sent a signal: market participants’ attitude has changed, and everyone has become more cautious.

One noteworthy point is that trading volume did not surge as expected. What does this indicate? Analysts believe—this decline resembles a controlled deleveraging process rather than a panic sell-off. In other words, although prices are falling, the underlying market logic remains manageable.

BTC-2.34%

ETH-3.99%

SOL-3.13%

ADA-4.75%

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AltcoinTherapist

· 12-21 21:08

The leveraged traders were liquidated again, they deserve it. This orderly fall is actually a good thing, right?

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MevHunter

· 12-20 11:57

Here we go again, leverage traders are about to feast on liquidations $550 million just wiped out, this time it's not dumping the market but deleveraging, not much difference haha No explosion in trading volume indicates big players are watching the show, and so am I

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LootboxPhobia

· 12-19 22:30

Here we go again, it's always the same routine. The leverage traders got wiped out again? Serves them right. Wait, the trading volume didn't increase? That's suspicious... This is how the crypto world is. People talk about orderly deleveraging, but they're just fooling themselves. SOL directly broke through 120, I fucking already sold. Clearance of 550 million, how many of them are people I know? Haha... Where is the real bottom? That's the real question.

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SignatureAnxiety

· 12-18 22:53

Here we go again, the leverage trader has been liquidated... Where's the bottom-fishing you promised, buddy?

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NFTBlackHole

· 12-18 22:38

Here we go again, every time they talk about "orderly deleverage," but it still ends up with a bunch of people liquidated. Leverage traders will have to pay tuition again, $550 million just got wiped out. Not enough volume? Then keep throwing in more. This is just the beginning, be patient and wait. Negative fee rates are indeed interesting, but don't get too excited—the rebound is just to set up for another round. It's always the same story every time, how can anyone believe it?

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SchrodingerAirdrop

· 12-18 22:37

Here we go again, with the same rhetoric of "orderly deleveraging"... I just want to ask, do those who got liquidated also think it's "orderly"?

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UnluckyValidator

· 12-18 22:37

Once again, I'm trapped. When will the bottom be?

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