Bitcoin & Ethereum Volatility Sparks $400M Liquidations
Crypto markets faced intense turbulence on December 17 as Bitcoin and Ethereum reversed sharply after brief rallies, triggering widespread liquidations across leveraged positions.
Bitcoin jumped above $90,000 before sliding back toward $85,000, while Ethereum rose past $3,100 and quickly fell below $2,800. The rapid swings wiped out positions on both long and short trades.
Data shows over $400 million in liquidations, with Ethereum taking the largest hit, followed by Bitcoin. Many traders were caught off guard as breakouts failed to hold, highlighting the risks of thin liquidity and high leverage.
Analysts warn that volatility may continue in the coming weeks, urging traders to manage risk carefully and avoid overleveraging in unpredictable market conditions.
