2025-12-26 07:20:47

On Wednesday evening, Bitcoin experienced an extreme fluctuation. On a major exchange, the BTC/USD trading pair saw the price plummet from $87,600 to $24,100, a drop of over 70%. This rapid "dive" lasted only a few seconds, after which Bitcoin quickly rebounded to around $87,000.

The impact of this market move was significant—data shows that 73,643 traders were liquidated within 24 hours, with a total liquidation amount of $104 million. For high-leverage traders, such sudden extreme volatility often means account wipeouts.

Did you participate in this market event? Share your thoughts in the comments.

BTC-0,83%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
5
Repost
Share

Comment

0/400

AirdropHuntress

· 11h ago

73,643 people liquidated... It's again the leverage's fault. Historical data shows that behind such extreme volatility, large traders often manipulate the market. Please be cautious of the risks.

View OriginalReply0

GovernancePretender

· 11h ago

Damn, I just saw a plunge, and before I could even react, it rebounded. Truly incredible. This is why I absolutely refuse to use leverage. Watching others get liquidated, I feel fortunate. A 70% drop? Are you sure it's not a problem with the exchange system? That's a bit outrageous. In just a few seconds, 100 million disappeared. This is the daily life of crypto, right? I'm just wondering why anyone would dare to play with 10x leverage. Surviving this wave already makes you lucky. It's shocking, but if you're holding a position, you have to watch the screen 24/7. Where's the bloodbath they promised? This time, it really turned into a massacre.

View OriginalReply0

FloorPriceWatcher

· 12h ago

A 70% drop? What is this exchange doing, system failure or being hacked? Those leverage traders are really miserable, feeling zeroed out in a second must be so despairing. Fortunately, I only hold spot assets, so I’ll just watch the show in this market move haha. Such flash crashes should have been regulated long ago; traders should be compensated for losses. The quick rebound indicates liquidity is still there, but the number of liquidations is indeed outrageous. I just want to ask, who was shorting at $87,600... That’s why I never touch futures, my heart can’t take it.

View OriginalReply0

ForkMaster

· 12h ago

73,643 people liquidated, again highlighting the blood and tears of leverage traders. I believe this flash crash is not really a black swan event, just a familiar routine.

View OriginalReply0

LayerZeroJunkie

· 12h ago

Damn, this wave of market movement instantly wiped out 73k people. Luckily, I didn't use leverage. Oh my God, another flash crash. Can this exchange stop being so刺激? A 70% plunge? We're playing roller coaster here, my heart can't take it. Fortunately, I only hold spot, or else this wave would have brought me back to the beginning. This is why I advise everyone not to touch leverage; a one-second liquidation isn't worth it. A liquidation amount of 100 million, how many people are in the hospital getting checked? This BTC is really fierce, it drops when it says drop, rises when it says rise. Watching others get liquidated and gaining knowledge, blood and tears lessons, brothers.

View OriginalReply0