2025-12-29 18:24:01

The year 2025 is quite surreal for the crypto world. At the beginning of the year, everyone was revived with full energy. Bitcoin even surged to a historic high of $126,000 in mid-October, and at that time, the bull market seemed solid. But what happened next? The story started to reverse.

The market turning point was in mid-October, when Trump announced an upgrade to the tariff war. The crypto market exploded within 24 hours, with $19 billion in liquidations setting a new record. Ethereum couldn't hold up either, dropping about 40% within a month. By November, Bitcoin even briefly fell below $81,000, marking the worst monthly performance since 2021. Currently, it is consolidating around $90,000. During this period, the total market capitalization of digital assets evaporated by approximately $1 trillion.

Interestingly, the overall attitude of the Trump administration was actually "supportive of crypto," but the impact of tariff conflicts, macro tightening environment, and high leverage market cleansing had a much greater influence than policy stance. Some industry insiders are now calling it the "crypto winter again," but others believe this is more like a normal four-year cycle correction for Bitcoin.

However, in the long term, both BlackRock's CEO and a leading exchange CEO have stated that institutional funds have been continuously flowing in, and crypto assets are gradually moving from the gray area into the mainstream financial system. In other words, short-term volatility is just that—volatility. The overall trend may not be as pessimistic as it seems.

BTC-0.69%

ETH-0.39%

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NFTRegretter

· 5h ago

At the moment of the 19 billion liquidation, I knew this wave was going to be a tough one. Blame leverage, it was really ruthless. When the institutions finally take over, our group of retail investors will be considered winners. Trump talks big about crypto, but his tariffs are truly impressive. Another round of winter talk, I'm tired of hearing this phrase. One trillion evaporated, it feels like watching someone else's story. Blackstone taking over, all we can do is pray. Four-year cycle sounds nice, but in reality, it's still about bottom fishing. Are those entering now really fools or are they truly smart? In the end, we small investors are still destined to be harvested.

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ThesisInvestor

· 5h ago

At the moment of 19 billion liquidation, I knew it was time to cut the leeks. --- Trump's move with tariffs was really clever; supporting crypto policies but actually hurting the coin—sarcastic. --- Still waiting for the bottom? I think around 90,000 is about right. Don't be too greedy. --- Are institutions really bottom-fishing? Feels like everyone is just watching. --- The four-year cycle theory is back again, always the same talk every time. --- Evaporating 1 trillion, it looks terrifying, but actually it's a good opportunity to build positions. --- On the day ETH dropped 40%, I couldn't resist and bought some more. Now I'm losing to grandma's house. --- How many times have we heard "from gray to mainstream"? Can we believe it this time? --- High leverage cleansing is indeed necessary, but there are too many leeks, another wave is coming. --- Bitcoin consolidating at 90,000; this rebound lacks momentum.

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ApeEscapeArtist

· 6h ago

19 billion liquidation haha, leverage traders are being cleared out again. This wave is truly surreal. Trump supports crypto in words but implements tariffs in actions. It's really outrageous. Institutions are quietly accumulating, while retail investors just wait to be cut. Can the market consolidate for 9 months and hold until the end of the year? It feels like it still needs to fall further. Four-year cycle? Nonsense. I believe everything is fake after this drop. Blackstone's CEO is just bragging. If they really entered the market, why didn't they push the price up? Is it a harsh winter or a correction? Anyway, I already withdrew my U. Long-termism saving me? Let's survive this month first. One trillion dollars evaporated. I don't know who made this money. Seeing people on the forum talking about bottom fishing again, really daring. Institutions entering? What a joke. Retail investors have already left; what are they entering for?

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