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Christmas market shock: major crypto pair suffers massive liquidation cascade
On December 25th, one of the market's most-traded pairs experienced a dramatic intraday collapse, triggering a wave of long liquidations across leverage trading platforms. Entire positions wiped out in minutes.
The timing raises eyebrows—price action that sharp doesn't happen by accident. Whether this stems from coordinated whale activity, flash crashes, or order book manipulation remains unclear. But when moves like this hit during a holiday when liquidity dries up, retail traders get absolutely crushed.
It's the kind of market event that makes you wonder who's really pulling the strings here.