2025-12-26 16:20:38

The crypto world is always like this—some people cry because three months' worth of salary is gone, while others make 30 million in 20 hours.

On the evening of December 1st, Beijing time, Bitcoin suddenly dumped. It dropped from $87,000, with a single-day decline of 8%. The market was filled with panic, and everyone in front of their screens was refreshing the quotes. This is not the first time. Just a few weeks after the liquidation wave on October 11th, when the total liquidation amount across the entire network soared to $19.1 billion within 24 hours, and 1.64 million investors were directly wiped out. That slaughter still lingers in many people's hearts; some in groups sent voice messages with crying tones saying they really lost everything. Meanwhile, an anonymous whale precisely positioned short orders, easily doubling their principal.

Looking at the data this time, you can see how tragic it is. From the peak of $126,300 in early October to now, Bitcoin has fallen over 33%. The gains made at the beginning of the year have all been wiped out, erasing a year's worth of profits in just one month. It’s not just Bitcoin bleeding; Ethereum has fallen over 10%, and other mainstream coins are even more disastrous. Popular concept coins like SUI and WLD have been cut in half, and small-cap coins have plummeted 99.9% within minutes, with many going to zero.

According to Coinglass data, on December 1 alone, over 260,000 people were liquidated, totaling $941 million. It’s hard not to think of the even bloodier scene in October—$19.1 billion evaporated in an instant, and 1.66 million investors were pushed out.

This is the crypto world. Opportunities and risks are always present; it all depends on which side you stand on.

BTC-0.79%

ETH-1.05%

SUI-1.26%

WLD-1.21%

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FortuneTeller42

· 3h ago

It's the same story again, whales eat the meat, retail investors drink the soup, a never-ending storyline. A bloody lesson in real gold and silver; how many people will run to the rooftop this time? The guy who set up the short position probably isn't celebrating right now; we're still watching the K-line. SUI has been cut in half, my dreams from last year shattered completely. 260,000 people liquidated in one day—just hearing that number is despairing. I have friends who are caught in it. Making 30 million or losing three months' salary—why is the gap so huge? The crypto world is like this; guess right and you get rich, guess wrong and get out.

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shadowy_supercoder

· 3h ago

Here we go again, this time going even further. 260,000 people disappeared in an instant, and I just want to know how that 30 million was created.

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AlphaBrain

· 3h ago

Here we go again, all caused by leverage, really --- 260,000 people liquidated in one day. This number is even more exaggerated than at some point last year. Crazy, right? --- A whale earning 30 million requires 1.66 million people to be sacrificed. The rules of the game are clearly written. --- It happens every time. Some cry, some laugh. I just watch quietly. --- Bitcoin has fallen from 126,000 to now. Saying it retraced the early year's gains is a bit exaggerated, but it’s truly bloody. --- Precise short position deployment? Haha, probably just armchair strategizing after the fact. Just saying. --- It's really absurd. Small coins dropping 99.9% in minutes. This isn’t investing, it’s gambling. --- The crypto world always has that saying: the ones who make money and the ones who lose are never the same people. --- I still remember the 19.1 billion evaporated. Someone really cried. Now it’s happening again. --- Which side are opportunity and risk on? I honestly can’t tell which side I’m on.

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