24-hour cryptocurrency market volatility intensifies: trading volume exceeds $210 billion, liquidation of $258 million sparks discussion
On December 17, the cryptocurrency market continued to fluctuate. According to data from Coinglass, the total trading volume of derivatives across the network reached $211.3 billion in the past 24 hours, a decrease of 16.48% from the previous day, but still maintaining a high level. The total amount of liquidations reached $25.8 million, a significant decline of 58.10% from yesterday, involving hundreds of thousands of traders. Among them, Ethereum had the highest liquidation amount at $10.39 million, followed by Bitcoin at $6.162 million, with Solana, XRP, and other altcoins also contributing significant shares. The long-short ratio is close to 49:51, indicating intense market divergence.
Bitcoin's dominance rose to 58.74%, and the fear and greed index fell to 15 (extreme fear zone), reflecting a low investor sentiment. The total open interest amount is $127.78 billion, down 3.10%. The funding rates for major assets remain positive, indicating that bulls have not completely exited the market. Among popular cryptocurrencies, some Layer 1 projects like HIVE saw an increase of over 11%, becoming short-term highlights, but the overall market is primarily in a correction phase.
The Binance Square community's hot topic focuses on liquidation risks and leverage control, with users sharing stop-loss strategies and discussing institutional trends. Many posts remind that while high leverage can amplify profits, it also easily triggers a chain liquidation. The current extreme fear may signal a bottom-fishing opportunity, with institutional ETF fund inflows stabilizing, and a long-term positive outlook for a rebound in 2026.
Investors need to be cautious of volatility, and it is recommended to diversify assets and control positions. Macroeconomic uncertainties remain at the end of 2025, with rational investment as a priority. The market may welcome new opportunities after clearing leverage, closely monitoring Bitcoin's $90,000 support level.