#大户持仓变化 $ETH $BTC

Did you get caught in that wave at 3 a.m.?

On the night of December 16th, the crypto market suddenly experienced a rapid plunge. Bitcoin crashed unexpectedly, breaking through the $87,000 level instantly, with a low of $85,833, a single-day drop of over 3%, hitting a new low for the month. Ethereum's situation was even worse—falling from $3,000 to $2,955, a decline of over 4%. Mainstream assets like SOL and Dogecoin all came under pressure, with the market turning green. Leverage long positions were ruthlessly liquidated.

This was not just market volatility but a full-blown harvest. The data is shocking: 140,000 traders were liquidated within 24 hours, and $272 million of capital evaporated instantly. Long position investors became the biggest victims, accounting for 85% of the total liquidations. One Ethereum liquidation alone reached as high as $4.85 million (about 34 million RMB), a disaster-level event. Smaller and mid-cap coins saw daily declines exceeding 10%, and the market panic index soared.

Why did this happen? There are three main triggers:

First, hopes of a Federal Reserve rate cut are diminishing. The probability of a rate cut in January is only 24.4%, meaning high interest rate environments will continue, greatly reducing the appeal of risk assets. Second, institutional sentiment has turned notably pessimistic. Standard Chartered recently sharply downgraded Bitcoin's target price (from $200,000 to $100,000) and warned that large investors’ buying momentum has dried up, with limited subsequent support. Additionally, geopolitical uncertainties are heating up—rumors of "significant progress" in secret talks between the US and Ukraine, which often trigger market panic. Technical analysis indicates a sharp decline.

The question is: Is this sudden drop the start of an adjustment, or just another shakeout? Could Bitcoin possibly dip below $80,000? Perhaps only time can provide the answer.

How do you feel about this market move? Share your thoughts in the comments.