Crypto Market Plunge Leads to $637M Liquidation Frenzy
December 1, 2025 · 12:15 PM
Bitcoin's drop below $86,000 led to $637 million in liquidations, primarily affecting long positions. Concerns about Tether's insolvency and comments from a strategy CEO heightened market volatility, while renewed warnings from China added further pressure. Despite the crash, prediction markets indicate low expectations for a prolonged downturn in the crypto market, suggesting a disparity between immediate trader anxiety and long-term sentiment. The weekend was marked by significant volatility in the crypto space.
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