Dec 17, 2025
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Bitcoin Swings $3,000 Liquidating 123,200 Traders in Volatile Event
On December 17, Bitcoin experienced a volatile two-hour period with significant price swings:
- A $3,300 increase in 30 minutes led to the liquidation of $106 million in short positions.
- This was followed by a $3,400 decrease in 45 minutes, liquidating $52 million in long positions.
Analysts like Bull Theory and zerohedge suggest possible market manipulation during the US market opening at 10:00 a.m. EST.
Market Impact
- The event resulted in over 120,000 traders being liquidated, totaling nearly $400 million within 24 hours.
- In just four hours, Bitcoin liquidated $108 million, with $75 million from shorts and $32 million from longs (CoinGlass data).
- Ethereum had a similar total liquidation, primarily from long positions.
Bitcoin's price fluctuated between $87,100 to $90,300 during this period and is currently trading at $86,600, down 1.35% intraday.
The situation coincided with a $277 million net outflow from spot Bitcoin ETFs, highlighting Wall Street's strategic moves around Bitcoin.
