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Almost $1 billion of leveraged crypto positions were liquidated during another sharp drop in prices on Monday that brought fresh momentum to a wide-ranging selloff. The market is on shaky ground after a weeks-long rout. Data compiled by Coinglass show this began when some $19 billion in levered bets were wiped out in early October as US President Donald Trump whipsawed markets with threats of higher tariffs. Bloomberg’s Suvashree Ghosh reports.
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36 thoughts on “Crypto Crisis Broadens: Why This Bitcoin Selloff Is Different

  1. Hi all! Need assistance with ByBit WEB3 wallet for Chrome extension with adress: ( burst day midnight giraffe gravity execute scheme inflict slide ship plate equip ). help pls!

  2. Like the Titanic, Bitcoin has been fatally struck below the waterline by the iceberg of icy cold reality. No more 50X. No more 10X. Even BTC cult believers won't buy at these prices. The only question now is how fast Bitcoin's bulkheads will flood and who can get to a lifeboat in time. The long term holders will go down with the ship. They'll still be repeating phrases from the good old days just like the band playing old tunes on the deck of the Titanic. There will be a final desperate surge of belief and then Bitcoin will sink rapidly into the depths of history.

  3. It’s not a bad thing for Bitcoin to have a serious sell off. If it were simply going up like a staircase, I’d suspect it to be a Ponzi scheme. Over time Bitcoin has given long term investors enormous gains. My prediction is it will bounce back in mid January as the people who run large investment companies and want a strong hedge return from the late December holidays. Especially if the 4th quarter of 2025 is weaker than expected, and these investment companies are looking where to park money they manage.

  4. I could never spend real money to buy fake money that I can't spend anywhere. It's not an investment, it's like trading sea shells or pokemon cards, it's only worth what other ass monkeys will pay for it. Oh, and isn't it supposed to replace currency? Then why does it move exactly like the stock market

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