2025-12-25 16:25:41

Christmas holidays should be a time for market relaxation, but instead they turned into a nightmare for liquidated traders. The performance of the cryptocurrency market in the past couple of days has been shocking—leverage traders' celebrations ended in screams of liquidity exhaustion.

Around Christmas, the market staged a "Bloody Christmas." Bitcoin suddenly broke through the $88,000 support level and is now oscillating between $86,500 and $87,800, showing significant weakness. Ethereum was not spared either, losing the $3,000 mark early on and now struggling around $2,920.

What’s the most heartbreaking? The market sentiment indicator flashed a red light of "Extreme Fear," which usually signals bad news. Meanwhile, traditional finance is quietly celebrating, with gold soaring past a historic high of over $4,400 per ounce. This stark contrast is quite striking.

The liquidity crunch during the holiday season has now become the fuse. The open interest of BTC perpetual contracts on major exchanges plummeted overnight, causing the market depth to become very shallow. What does this mean? Even slightly large buy or sell orders can cause sharp, "twitchy" price swings. In such an environment, every operation must be approached with caution.

Data shows Bitcoin is currently trading around $87,500, while Ethereum is struggling near $2,950. The entire crypto market cap has shrunk significantly, with a correction driven by macro concerns and technical breakdowns underway. Meanwhile, the US stock market, represented by the S&P 500, continues to hit new highs—truly two different worlds.

BTC-0.13%

ETH-0.7%

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Ramen_Until_Rich

· 5h ago

Is the holiday kill game this ruthless? I thought I could just lie back and win, but when I checked at the open, I was immediately shattered. Liquidation always comes when others are involved, and only then do you realize how big the risk really is. Gold has risen to 4400? This trade is really insane. Traditional finance is celebrating, but we're just eating dirt. Liquidity dries up, and it's over. Even if you're itching to act, you dare not. Watching the market feels like watching a dead fish. Why is still testing the bottom repeatedly? Come on, no one knows where the bottom is. I really don't dare to buy ETH at 2950; what if it keeps crashing? Why do problems always happen during holidays? Turns out, the crypto market doesn't take a break either. Leverage is just a meat grinder; the ones who get wrecked are always the greedy. This stark contrast is really hard to watch. Why does the stock market hit new highs while we experience a bloodbath? Market depth suddenly disappears. Basically, no one is willing to take the other side.

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SerumSquirrel

· 5h ago

Leverage traders have really messed up this time. When liquidity dries up, it turns directly into a slaughterhouse. Gold is sneaking a laugh while we're crying. The contrast is incredible. Not resting properly during the holiday and insisting on chasing short sellers—hope you're enjoying the thrill now. With such poor liquidity, daring to move—you're really tired of living. Contract orders are exploding faster than Christmas gift-giving. This correction is really fierce. The greedy have all been scared into clearing their positions. Playing with leverage during the holiday is like actively giving away money—can't learn. With market depth so ugly, some still dare to buy the dip. I'm truly impressed. If Ethereum can't hold above 3000, it's really despairing. It feels like it might drop even lower. This is the real Christmas gift pack, filled with blood.

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BlockchainFries

· 5h ago

Leverage traders are getting cut again, this wave is really brutal Watching gold rise so happily, while crypto is crashing... it's truly ironic Liquidity dries up and prices start to twitch, at this point the biggest fear is a large sell-off Feels like we have to wait until the holiday ends to recover.

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BearEatsAll

· 6h ago

Here comes another bloodbath for leveraged traders, truly a cyclical script Seeing gold rise, I knew risk assets were doomed, and this time no one can escape Liquidity crunches tighten the neck, causing prices to fluctuate wildly; during holidays, it's best to stay away from exchanges It's really unfortunate that BTC can't hold the 87 level, it seems like it will break further The US stock market is happy, while the crypto world is taking hits—such a huge difference How can anyone still dare to leverage? Have they forgotten about seasonal liquidity drying up? I'm really convinced by the extreme fear signals with all those red lights—are these signs of a bottom? Ethereum struggling at 2920, really can't hold on anymore; I should have closed my positions during the holiday.

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