2025-12-29 23:20:32

With 2025 getting closer and closer, the cryptocurrency market's gains this year have almost been completely wiped out. Looking back, Bitcoin was still shining at a record high of $126,000 in early October, but the market suddenly turned around, and the total market capitalization of digital assets evaporated by about $1 trillion over the past few months.

The turning point came in mid-October. After Trump announced an upgrade to tariffs, the crypto market exploded with $19 billion in liquidations within 24 hours—this set a new record. Ethereum followed closely, dropping about 40% within a month, and even some well-known crypto companies under prominent figures saw their market values significantly shrink.

Interestingly, although the Trump administration appears to be "pro-crypto" overall, analysts point out that what really hit the market wasn't policy expectations, but rather tariff conflicts, macroeconomic tightening, and the chain reaction of liquidations of high-leverage positions. In November, Bitcoin even fell below $81,000, marking the largest monthly decline since 2021. Currently, the price hovers around $90,000.

Industry insiders warn that the market may be entering a new "winter," but some institutions believe this is just a normal correction within Bitcoin's four-year cycle. More notably, BlackRock CEO Larry Fink and the CEO of a major platform have publicly stated that, in the long term, institutional funds are still flowing in continuously, and crypto assets are moving from the gray area into the main stage of traditional finance.

ETH-1,23%

BTC-2,01%

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MerkleMaid

· 9h ago

One trillion dollars evaporated, this move is really ruthless... High leverage players have been cleaned out once again. When institutions really start to enter the market in large numbers, retail investors will have already been wiped out completely. Trump "pro-cryptocurrency"? Ha, at the end of the day, it's still the economic cycle that determines everything. Talking about a four-year cycle, it's just an excuse to boost confidence, right? Fink's recent remarks came a bit suddenly, feels like he's trying to back someone up? One trillion dollars... can't even imagine this number, anyway, I sold at a loss. Winter? Maybe, but no one can predict the bottom.

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MaticHoleFiller

· 9h ago

190 billion liquidation high, this wave's destructive power is truly incredible, high leverage traders have all been cleared out Speaking of Trump's "pro-crypto" stance, it's just so-so; tariffs completely ruin everything The four-year cycle theory sounds like psychological comfort, but the fact that institutions are still entering is real, long-term positive outlook Why is it BlackRock again? After this big fish enters, will retail investors still have a chance to profit? It's better to clear out the bad, clean up and then move higher, let's wait and see at the 90,000 level From the gray area to the main stage? Sounds good, but how many people have to die in the process? The winter theory and the cycle theory clash, I just watch the money from institutions speak

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CafeMinor

· 9h ago

Here we go again, getting liquidated with leverage—deserved it --- Fink's words are just for listening; real money still depends on how institutions act --- Dropped from 126,000 to 90,000, I’m damn near dreaming my way to bankruptcy --- Winter? I think it’s an eternal winter haha --- High leverage traders deserve to be wiped out; playing with fire means being prepared to get burned --- Who’s to blame for the tariff mess? Anyway, retail investors can’t run away --- Let’s wait and see, feels like it can still drop further --- "Gray area moving to the main stage" sounds impressive, but it’s still the same old trick to cut profits

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BlindBoxVictim

· 9h ago

Here we go again with the same rhetoric, institutions entering the market, the main stage... hearing it so much my ears are getting calloused --- 190 billion in liquidation, a new record high, we're just here to celebrate --- Trump personally into crypto? Laughable, tariffs hit and the market drops dead immediately --- A normal four-year cycle correction? That means we still have to keep falling then --- Fallen from 126,000 to now 90,000, and my leveraged position is gone just like that --- BlackRock says institutions are entering, while retail investors are exiting, isn't that quite fair? --- Before 2025 even arrives, the 2024 market has already been drained completely, truly impressive --- High leverage chain liquidation, in simple terms, it's a complete industry chain of cutting leeks --- Winter or correction, anyway my principal has already returned to the Stone Age --- If this drop is truly a cycle adjustment, then how many people are we going to feel sorry for?

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0xLostKey

· 9h ago

It's another story of leverage explosion, this time 19 billion is just too intense. This move is really caused by tariffs; good policies are useless. Wait, BlackRock is still entering the market? Then it doesn't seem to be a big problem. High-leverage traders have gone to harvest a new wave of rookies again. At the 90,000 price level, it feels like a good time to buy the dip, or should it continue to fall? The four-year cycle theory of Bitcoin always provides some reassurance. Institutional entry is indeed a signal; Grayscale is turning into grayscale.

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PerpetualLonger

· 9h ago

Buy the dip, buy the dip, buy the dip. This 19 billion liquidation is the last struggle of the bears. Institutional funds are continuously entering the market. Haven't you seen it? I am already fully invested, just waiting for the bull market to save me. High leverage liquidation? That's a game for the weak. I believe in Bitcoin's four-year cycle. What is being spit out now is the last chance to get on board. Even Fink is optimistic about the long term. Are you in or out? What does a $1 trillion evaporation matter? This is called a shakeout! Just wait, the breakout will be fierce. Falling from 126,000 to 90,000, does anyone really give up? I advise you to hold steady and not move. Adding a little more to your position will be even better. This round is not a winter, but a test of faith. Let's see who can survive until the bull market.

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