2025-12-26 04:23:58

You heard it right—BTC indeed once dropped to $24,000.

This happened in a certain USD trading pair, just yesterday. The price was hammered down, but what was the real reason behind it? People in the community are buzzing.

Some say it was clearly manipulation. Large insiders pre-arranged short positions, and when liquidity was low, they dumped the market, wiping out retail traders and small longs at the bottom—this is a tactic even seasoned traders are familiar with.

But there's also another possibility: a major player placed a huge sell order on the order book. It could be a genuine sell-off or just a scare tactic. The problem is, such a level of sell order could trigger a chain liquidation in the market. As soon as long positions loosen even slightly, stop-loss orders jump in, causing an even sharper downward plunge.

In short, this wave of volatility directly cleared out many contract positions.

BTC1,3%

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CryptoSourGrape

· 10h ago

If I hadn't stayed up yesterday, I should have bought the dip at 24,000. Now I'm so regretful I want to smash my keyboard.

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GateUser-beba108d

· 21h ago

I really want to see who's so ruthless, smashing all the way up to 24,000. How much capital does it take to withstand that? My contract buddy really got completely wiped out this time, haha. Whether it's manipulation or fake-outs, retail investors are just destined to be harvested. That's why I only dare to hold spot assets. Contracts are too sharp. The big players are just putting on a show here. We'll just watch the drama.

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ImpermanentSage

· 12-27 14:49

Oh no, it's the same old trick, the same old method of cutting leeks with no change in the recipe. When the liquidation machine turns, retail wallets are emptied again, this is on-chain ballet. 24,000? I don't believe it, it must be some big fish testing the waters. How many people got liquidated in this wave, I feel sorry for those leveraged traders. Manipulation or black swan, the result is the same—people at the bottom get washed out. Chain liquidation is the real terrorist. Whether it's a real crash or a fake one doesn't matter anymore; what's important is who made money and who lost. Here we go again, contracts are just used for money laundering.

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SmartMoneyWallet

· 12-26 04:54

24,000 Napo is clearly a liquidity trap. Just look at the market data—some whale is lurking in the USD trading pair, and retail investors are taking a heavy loss again.

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StablecoinArbitrageur

· 12-26 04:48

honestly the liquidity depth on that USD pair was criminally thin... one whale dump cascades into 10x liquidations, textbook market microstructure failure. sharpened my algorithms to catch these inefficiencies though

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AirdropHunterWang

· 12-26 04:38

Oh my God, $24,000? Is this real? I thought it was just a rumor. I really didn't react to this wave; it just dropped in the blink of an eye. Feels like we've been cut again. Is this how the big players operate? Contract brothers probably got wiped out again... Ouch. Looking at this move, I really think going long is too difficult. Why did it suddenly get liquidated? Stop-loss didn't even come into play. Honestly, I'm a bit overwhelmed by this trend. Big players are just big players, and we retail investors are just like leeks. Why is this move so aggressive this time? Did it just take everyone out in one wave?

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AltcoinMarathoner

· 12-26 04:32

ngl, 24k wick is just mile 20 stuff. the liquidation cascade is textbook market mechanics—fundamentals haven't shifted. been stacking through worse pullbacks, this is noise on the weekly charts tbh.

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